Tuesday 24 July 2012

3pm update - weak market..so very weak

Bulls have the opportunity for a last hour ramp..they need to clear sp'1333..but so far.. they are simply unable to claw even a point higher.

VIX is on the threshold of a major breakout. Eyes sharp for VIX +20.50 !


sp'15min rainbow


Summary

Weak market, still a threat of hitting 1325...or a ramp.

Too uncertain, I'm glad to be out of this today.

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More after the close, where it will be important to focus on the bigger picture...and not get lost amongst the noise of intra-day moves.