Thursday, 29 August 2013

2pm update - indexes rolling over

The bulls again seem to lack any significant..and consistent upside power, and we're seeing the early signs of a rollover. Bears should merely seek any close <1639. A red close would bode pretty bearish for Friday.




I'm just wondering if we'll set up another mini H/S formation on the hourly. In the May/June down cycle, we saw a fair few H/S formations, no reason why we can't get one now.

Regardless, I'm holding short the main market.