Tuesday 20 August 2013

Closing Brief

The market faded into the close, with the 15/60min cycles rolling over. However, the market still closed above the downside channel. A bounce to the sp'1680s still looks very viable, before renewed downside next week. Oil closed especially weak, -1.7%


sp'60min


Summary

Not much to say,

Hard to guess how tomorrow will play out. There is a very small possibility that the mid 1630s will still be hit, but really, I doubt it.
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*I remain semi-paralysed on the sidelines. Losing money would feel less annoying.
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bits and pieces across the evening.