Wednesday, 27 January 2016

1pm update - chop ahead of the Fed

Most US equity indexes are now moderately higher, and look set for muted chop ahead of the Fed press release at 2pm. VIX is -3% in the 21s, and looks set to lose the key 20 threshold... along with the sp'1940s. The bigger weekly cycles remain setup for choppy upside into mid February.




*waiting for the weekly 'rainbow' candle to turn blue.. as seems probable.

We'll probably get 3-5 blue candles before the next multi-week down wave <sp'1800.

back at 2pm.. .for the Fed.