Monday 30 July 2012

1pm update - afternoon slumber

Market back to churning sideways again. The algo-bots might easily wish a close just a over 1380.


sp'60min



VIX,60min


Even 18.50 looks out of range right now for todays close


Summary

I'm still not expecting anything, a flat close would make for a perfect doji candle..and sets up tomorrow for the first opportunity to see something significant. As noted earlier though, even sp'1360 would be a normal retracement in what is currently a strong up trend.