Wednesday, 12 August 2015

12pm update - battling upward

US equities have seen a morning floor of sp'2052 - with VIX 16.28, and appear in the process of a moderate retrace. Upside is sp'2070, which should equate to VIX in the 15.25/14.75 zone in the 2pm hour. Considering recent price action... it will merely make for a re-short opportunity.




I have added a simple fib' retrace to the 15min cycle... sp'2070 looks a viable bounce target, given another 2-3hrs.

Unless you are of the mindset that 'new highs are coming'... to me, this is merely another bounce to short.

*I will likely pick back up a VIX-long block late today/early tomorrow.

VIX update from Mr T.

time to see if the cheerleaders are crying yet on clown finance TV.