Thursday 4 June 2015

2pm update - sunshine for the bears

The market has seen another little wave lower, decisively taking out the key low of sp'2099. Next key support is in the low 2080s. VIX is confirming the declines, with a break into the mid 15s.  Metals remain weak, Gold -$9, with Silver -2.4%.


London buses always travel in packs

sp'60min



vix'60min


Summary

*there looks to be viable upside into the VIX 16s, anything in the 17s looks... difficult.
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... back from a little venture in the outside world... and indeed, we have a break under sp'2100.

Now its a case of the market coping with the monthly jobs data, the OPEC meeting, and more Greek 'issues'.
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Bullish 66f, with sunshine
stay tuned !