Friday, 9 January 2015

12pm update - upper gap filled

The upper end of the rather large price gap @ sp'2042 has been filled. The smaller 15/60min cycles are offering a latter day rally. VIX remains only a little higher.. and is not supportive that a lower high (sp'2064) has been put in. Broad upside into next opex seems probable... to the sp'2100s.




*the actual $spx chart does not properly show the price gap... R2K is clearer... or SPY (but I don't chart that... I can't cover it all!).

After a hyper ramp from sp'1992 to 2064.... this morning's cool down is not exactly unexpected.

Regardless... we look set for higher levels.

VIX update from Mr P.

time to cook, back at 2pm