Monday, 17 August 2015

1pm update - still kinda stuck

The sp'500 remains somewhat stuck around declining resistance, +6pts @ 2098. A daily close above the 2100 threshold would bode for continued upside into this Friday's opex. Gold is holding gains of $4, whilst Oil +0.6% in the $42s.




The daily candle is starting to look rather scary, with a clear spike floor.. again.. above the key 200dma. The upper bollinger at 2120 is obvious first target for the bulls, but that is declining rather rapidly.

VIX +2.8% in the 13.10s...  and now looking like its set to turn red. The 15s - which looked viable at the open.. are now a long way up.

A tiresome.. a teasing day to the bears....    back at 2pm