Price is flirting with the 10 days e.m.average (daily basis). As suspected, we had the hourly breakdown. I maintain my targets @ 1377 & 1369. Not expecting S&P500 to regain 1400
I was waiting for a pullback today after the open and a test to yday lows (while considering to add there) - view setup 21/Mar/2012. It did not happen. Out of adds for now...
Participants did not (like yday) run into protection at the open, on the contrary, as VIX steadily falls in the last 2 hours, volume in puts surge, suggesting traders are dumping them...
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