Saturday, 18 July 2015

Awaiting the bigger trade in August

Regardless of any equity weakness in the first half of next week, the US market looks set to climb into August. The bigger equity-short/VIX-long trade does not look viable for at least another few weeks.




It has been another long week.

Suffice to say, I will be increasingly referencing the above two charts across the next few months.

A break under the giant sp' 2K threshold looks due in the late summer. For now... it is mostly a case of sitting on the sidelines, and await a better setup.

Eyes on the VIX weekly cycle... in early August!

Goodnight from London

*the weekend update will be on the US weekly indexes