Monday 25 March 2013

11am update - creeping weakness

Market is facing increasing weakness the higher we go. Importantly, the bulls did break the 1563 high, and the 1570s remain viable within the next few days. Bears really can't expect anything significant until next week. Metals are trying to rebound.


sp'60min


Summary

Not much to say, I can't take this mornings micro-reversal as anything to be taken seriously.

The 1570s still seem viable, and arguably, there is no point taking index shorts into the long 3 day weekend.
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back at 12pm