Posts by Steve Rushton

Market still drifting lower and looking for a low.
Maybe the futures market found it sunday night at about equivalent of 2040.
Don't be surprised if we re-visit it soon.

A bit of a crapshoot from here with the greek vote.

Waiting for the holiday to start now.

First see if we close above 2085 to initiate a Buy Signal.

So we are at the 200 day moving average, and are looking for a low, perhaps in the 2020 area.

Good buying opportunities exist below the grey channel, so not thinking we are there yet.

A relatively uneventful expiration day, and sitting on the 55 ema undecided.

But seriously negative futures are showing the direction and now we can see if we have the big drop that has been half expected. Difficult to get in on a big drop so probably best sitting out and waiting to see how the morning goes.

Back on the 55 ema which is a line in the sand and on a rising support line.

Question is are we going to get the nasty correction that some are saying is needed now?