Wednesday 24 April 2013

12pm update - just...waiting

Market looks maxed out in the low sp'1580s with VIX in the mid 13s. Bulls have had a good three day bounce. Its time for the bears to swing things back lower, and take out that 1536 low. Seeking the first initial sign of a turn lower, by the close of today.


sp'60min



vix'60min


Summary

Things look stuck here. The question would be...who wants to go long at these levels?

What still bemuses me is the notion that Q1 GDP will come to meet market expectations of 3.1%. 
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VIX update coming...