Tuesday 19 January 2016

12pm update - messing with everyone

Mr Market is really messing with the minds of those watching the intraday nonsense, with the sp' swinging to a new intra low of sp'1883, but now rebounding from the hourly 10MA.. set for a daily close >1900. A bounce into the next FOMC remains on track.


sp'60min



sp'daily5



Summary

... sure is a bit of an unstable mess, right?

For those watching the minute by minute swings.. this is getting me dizzy.

A very messy 5-7 days of choppy bounce appear underway.

Next Tues/Wednesday... will Gartman go bullish?
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VIX update from Mr T



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time for tea.. and biscuits