Tuesday, 23 February 2016

3pm update - temporary stall

US equities remain broadly weak, with the sp'500 currently still stuck in the 1920s.. along with VIX 20s. At best, equity bears might manage the 1905/00 zone - if the market is upset at the next pair of oil inventory reports, but regardless... the 1950/60s still look a rather easy target.




*yes.. there is that gap around sp'2040... but hell, that looks damn difficult.

One down day does not breaketh the trend, right?

The recent high of sp'1946 makes little sense as a key high, especially when seen on the bigger daily/weekly cycles.

This market still looks set for further upside, before a key high in first half of March.

back at the close