Wednesday, 9 March 2016

12pm update - underlying upward pressure

US equities remain moderately higher, and look set for a net daily gain, ahead of the ECB. Price structure favours the bulls, with a break >2009 viable tomorrow.. which will open the door to a test of the 200dma - currently @ 2021. VIX has naturally turned negative.




*metals/miners are choppy, but broadly.. look on track to slip for another 5 days.

Little to add.

We have a provisional break of what is a big bull flag... a daily close in the 1995/2005 zone looks probable.

time to see what the cheerleaders are saying on clown finance TV (I've had them largely on mute for the last few days).

.. I'd imagine they'll be max-bullish by next Wednesday