Monday, 27 July 2015

2pm update - VIX pushing upward

VIX has broken the morning high, and is back in the 16s. The upper gap zone is around 16.60, with initial weekly resistance also in the 16.60s. Regardless of any Fed/GDP bounce (with VIX 16/17s.. down to 15/14s)... the equity bears look on track for sp'2000.. along with VIX in the low 20s.




With two hours to go.... things are getting somewhat interesting.

Naturally, many are now wondering how China will manage overnight. Another major drop would be a critical problem..with the 3373 low within range.

Regardless of China though, most world equity markets are rolling over.... lead by the EU.

Hell, I'd imagine most do not even reflect upon the issue that the Greek Athex has been shut now for around a month.