Monday, 25 January 2016

2pm update - still due another wave lower

Price structure on the smaller 60/15min equity cycles remains a very small bear flag, offering the sp'1870s - with VIX 25/26s early tomorrow. Broadly though, further upside looks due into end month, at least to the 1940s.. with VIX <20.




So.. a bear flag.. set to play out into the close.. and with likely further downside tomorrow morning.

A typical floor would be 11am tomorrow.... 1875/70.

In theory, from there, a straight forward 70pts UP.. at minimum

back at 3pm