Friday 25 May 2012

3pm update - something for the bears, bears, bears

Hmm, the market is showing moderate - but increasing weakness (more so on the Dow/Transports), although VIX remains largely unchanged. The obvious key levels to break remain 1300 on the downside..and 1330 on the upside. Considering the bulls have had almost the entire week to do this...they have clearly failed.

We are due to go negative cycle on the MACD either this closing hour..or at the Tuesday open.


Sp'60min



Dow'60min


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Something for the bears..to end a choppy week....




We're all bears.. bears... bears...right ?    Now back to your regular clown-channel show....

More after the close