Thursday 18 June 2015

11am update - battling upward

US equities are slowly building gains, with the sp'500 pulling away from the 50dma (2105)... next resistance is the 2134/40 zone. VIX is naturally being crushed, -9% in the low 13s. USD remains cooling, -0.4% in the DXY 93.80s.. which is helping the metals, Gold +$14, Silver +1.2%.


sp'daily5



VIX'60min


Summary

*it remains the case.. there is a lot going on this morning.. a fair number of the bigger chess pieces are starting to approach their next key setup.
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Daily MACD cycles are offering further upside into next week, and with a new historic high in the R2K... the Nasdaq comp' looks set to follow... perhaps as early as this afternoon.

VIX is clearly now already very low... in lower gap zone.

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meanwhile.. in hysteria land.. FIT has already started to turn bearish with a spiky black-fail candle..having lost the $30 threshold.


Anyone watching the earlier trade by trade action could see huge attempts to hold the $30 threshold (stock underwriter?).. but no.... the selling has already begun.
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11.39am.. Nasdaq comp' breaks the March'2000 tech bubble high of 5132.

Only took 15 years.
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