Monday 18 March 2013

Pre-Market Brief

Good morning. Sp is -12pts, we're set to open around 1548. Clearly, this is nothing too dramatic, and many of the doomer bears are going to be very disappointed at these opening levels. USD is comfortably in the mid 82s. Oil is lower, but the metalsre higher!


sp'60min



sp'daily5



Summary

I'm still holding to the original outlook from last week.

A blue IV down...across Mon/Tuesday, and FINAL blue V up Wed/Thursday. We might make a new high..might not. I don't think thats too important anyway.
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What is important is that all this nonsense should be putting in a key top by the end of this week.
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Good wishes for the week.

*updates;..across the day!