Tuesday, 20 October 2015

12pm update - higher highs.. higher lows

Despite seeing a minor down wave in the late morning, it remains broadly the case that the market is continuing to build a series of higher highs and higher lows. First soft support is the rising daily 10MA @ sp'2016. It remains highly probable that the market will first test the 2055/65 zone.



Little to add.

New cycle highs to sp'2039.. a micro down wave... a little chop... a net daily gain looks probable.
notable strength: AAPL +1.8%

weakness: NFLX -2.0%.. back in the $99s.

VIX update from Mr T.

back at 1pm