Wednesday, 17 February 2016

12pm update - holding the gains

US equities are holding significant gains, as the door is now wide open to the sp'1940s. Right now, best case for the bull maniacs appears to be a 50% retrace of the down wave from last November.. aka.. 1964/65. Sustained action >1970 looks extremely difficult... almost as difficult as believing Oil supply will be cut.

sp'daily5b, fibs



*VIX now in the 22s... a test of the key 20 threshold looks a given.. and that probably equates to sp'1945/50.

Suffice to add.. another 1% looks due... .maybe 2%. In theory... should max out early next week.. then some weeks of increasing chop.

VIX update from Mr T.

time for lunch :)