Monday 30 March 2015

10am update - opening gains

US equities open with borderline significant gains, already breaking into the low sp'2080s. VIX is naturally cooling, -6% in the low 14s. Metals are weak, Gold -$13, whilst Oil is holding minor gains of 0.5%.


sp'60min



VIX'60min


Summary

An interesting open... we're borderline on the edge of going too high for price structure to still be called a bear flag.

Bears need to hold the line after 11am... otherwise.. weekly cycles will start to turn back upward.
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In any case... we'll likely cool lower later today... the issue is.. by how much.


10.42am...  hmm..... next zone is around sp'2085/87... seems more likely by 2.30pm