Wednesday, 3 February 2016

3pm update - just another crazy day in the casino

US equities have clarified a short term floor of sp'1872 (with VIX 24.99), and have already swung a full 2% higher, back above the 1900 threshold. A Friday close in the 1920/30s now looks rather probable.. with the 1970s next Wed/Thursday. Oil sure is helping... +8.7% in the $32s.




*clear break of trend on the VIX, already turning negative.

The hourly spiky floor candles are usually a good tell, and here we are.. with a net daily gain now on the menu.

Regardless of the exact close though... we've a short term floor, and look headed broadly higher into the middle of next week - when the Yellen shall appear.

back at the close