Wednesday 13 August 2014

12pm update - battling to the 50 day

US equities break above the Monday high of sp'1944.. and are proceeding higher (having confirmed what was indeed a bull flag). Metals are seeing minor chop, whilst Oil remains weak, -0.3%.


sp'60min


Summary

...things look okay...although I remain not in the best of moods (post full moon depression?)

Best case for the bulls in the current wave... sp'1965/70 zone.. where there will be very strong resistance.
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VIX update from Mr T.



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time to cook