Friday 20 April 2012

3pm - awaiting the close

How many of those bullish rats want to hold across the weekend? We are about to find out just how confident those bullish maniacs are. The 1-3pm fall was exactly what the bears needed. It arguably stops any chances of 1390/95 - a good short-stop area, and so the next target is to break yesterdays low of 1370..and then 1357.

Things look pretty good, and on many of the financial sites out there, everyone now seems to acknowledge the daily cycles are showing very clear bear flags.

SP'60min




I am tired, one brief note to come after the close.