Wednesday, 29 July 2015

12pm update - a close above the 50dma?

US equities continue to battle upward, with a new cycle high of sp'2105.. a clear break above the 50dma. Indeed, the real issue now is whether we will see a post FOMC reversal... or the gains holding, with a daily close in the sp'2100s. Considering the VIX is already crushed in the 12s... the bulls face a problem.




*the blue candle on the VIX turns red... if it closes red.. it would bode in favour of the equity bears into early/mid August.

little to add... ahead of the Fed.

VIX update from Mr T.

time to see what the cheerleaders on clown finance TV are saying...