Thursday, 29 August 2013

1pm update - afternoon rollover?

The hourly index/VIX charts are offering a possible turn, with a rollover this afternoon. Bears should be looking for a daily close <1639, which should confirm continued underlying weakness into the weekend..and next week.




Its pretty quiet out there, so it won't take much of a news report of 'military attack imminent' to send the algo-bots into a panic.

For the moment, I'll gladly settle for any close back in the 1630s.

1.29pm... a micro H/S setting up ?

Just an idea..and a red close would arguably cancel it.