Monday 21 April 2014

12pm update - continued chop

It remains a somewhat sleepy day in market land, with half of the trader community seemingly not even turning up. Equities appear stuck under the Fed minutes high of sp'1872, with near term downside to 1850/45. Metals remain weak, Gold -$8.


sp'60min


Summary

Little to add, on what is a pretty dull day.

Hourly cycles still suggestive of downside into early Tuesday..1850/45.

Whilst the bigger daily/weekly cycles are pushing higher...
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VIX update from Mr T.



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time to get back to bed?