Monday 9 June 2014

2pm update - micro rollover

The main indexes are seeing a minor rollover, although it is notable that the R2K has risen so much today that any down cycle might only negate gains to a net 0.75%. VIX is almost 6% higher, but then.. 6% of the 10s is not very much.


sp'60min


Summary

A minor retrace to the low 1940s is viable into early Tuesday..but bears beware..there is sig' QE of around $3bn tomorrow.

It would seem the 1960s are viable on the next wave higher...
---

2.30pm...rolling rolling rolling..... sp'1948 (although I realise the irony in that as a bearish achievement)