06/12 Week, page-226

Dip buyers back in control once more but the strength of last nights move has a few question marks.

The 2% gain last night was pushed up on only 2.4B which isn't very convincing considering the 2% sell off a week ago was on 3.9B - bit of a difference there.

What's more interesting is where the run was halted - right on the POC (point of control) for the last 8mths.
Considering the move overnight was done on minimal volume and it got stopped in its tracks as soon as it got to where all of the volume is may be somewhat important...

Todays direction is anyones guess (flat?)
Tomorrow red with 'investors concerned with upcoming CPI news due Friday'?
Then once CPI data is released who the f@ck knows as what's good is bad and what's bad is good these days...

Bit of traffic to get through to 4710 then clear skies from there

Tricky times ahead
.