Wednesday, 11 November 2015

2pm update - the permabear who saved the bears?

US equity indexes remain choppy.. leaning on the weaker side. Price structure is a large bear flag.. warning of a sig' break lower tomorrow to the sp'2050s... along with VIX 18/19s. Oil is notably weak, -2.3% in the $42s, and that is causing all manner of problems for energy stocks.


USO, daily2


Little to add.

A daily close <sp'2073 would be a decisive break of the bear flag... with first micro target of the Monday low of 2068... then 200dma @ 2063.


A rather exquisite piece of music... for what was a remarkable TV show.

I shall only add... I try to present a balanced view of things... despite the name.

back at 3pm