sp'60min
Summary
For those on the long side, today was rough.
However, for those bears on the sidelines, today was a disastrous failure of nothing.
--
There is little else to add.
Thursday, 15 August 2013
Closing Brief
The main indexes closed significantly lower, with the sp in the low 1660s.The break <1675 confirms the notion that 1709 was a mid-term high. Downside into September is the 1575/50 zone. The only issue now is whether the market can bounce into opex, or just continues lower.
sp'60min
Summary
For those on the long side, today was rough.
However, for those bears on the sidelines, today was a disastrous failure of nothing.
--
There is little else to add.
sp'60min
Summary
For those on the long side, today was rough.
However, for those bears on the sidelines, today was a disastrous failure of nothing.
--
There is little else to add.