Monday, 22 February 2016

2pm update - no sellers

Equity momentum continues to increasingly swing back toward the equity bulls... as especially seen on the bigger weekly cycles. Next soft resistance is the Feb'1st spike high of sp'1947.20, and that is set to be imminently broken. From there.. the 50dma @ 1951, then the 50% fib retrace of everything since last Nov' @ 1964/65.




The decline in the VIX remains even more stark than the equity rebound from sp'1810.

We're set for the 18s late today/early tomorrow.

notable weakness: TVIX -10.5% in the $8.20s...  leveraged horror, urgh.