Tuesday 27 January 2015

10am update - opening reversal

US equities open sharply lower, but there are already strong indications of an opening reversal... via a black-fail candle on the VIX hourly cycle, and a reversal candle for the R2K. Equity bears are facing the usual latter day recovery.


VIX'60min


sp'60min


Summary

Frankly, I find it absolutely bizarre how everyone loses their gods damn mind EVERY time the market opens lower.

The sp'500 is a mere 3% from historic highs, and I see people talking about key tops... a mere day after the DAX breaks a new high.
-

I've some things to do, back at 11am...