Monday 25 February 2013

2pm update - Mr Fib says sp'1480

Its a bit choppy, but the indexes are still slipping. From a fibonacci perspective, sp'1480 sure would be a natural place for this wave to floor, not least with the 50 day MA also lurking. VIX is breaking back into the 16s.


sp'daily7 - fib levels



vix'daily3


Summary

So..how about sp'1480..with VIX 17.75 tomorrow ?

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