Monday, 25 January 2016

3pm update - weakness into the close

US equities are set to break a new intra low, with weakness into the close... and probably early Tuesday. The sp'1875/70 zone looks due.. along with VIX 25/26s. From there... renewed strength into end month, at least to the 1940s, with VIX <20.




*hourly equity cycle is set to see a MACD bearish cross in the closing hour, and that bodes strongly for the bears into early tomorrow.

Market is behaving itself rather well.... consolidating/cooling from last Wed-Friday ramp.

Whether AAPL is the 'excuse' used for sp'1940s... difficult to say.

What isn't hard to say... we're still headed somewhat higher once the current down wave concludes.

back at the close.