Monday 11 June 2012

3pm update - closing hour mystery

Today has surely confused just about everyone. This closing hour could easily go either way. That is not to 'sit on the fence' about things, but really, today is a confusing mess.

The VIX is continuing to claw its way higher, but there is nothing impulsive about the move, any bear looking for some kind of major collapse wave (sp<1266) in the next few days..is surely going to be very disappointed.


sp'60min



vix'60min



Summary

If the indexes keep slipping lower, then upside VIX target is the gap at 24.00/50, equating to sp'1300/1290

So...lets see how we close. ;)

More after the close, with some important updates on the world indexes