Thursday, 7 April 2016

1pm update - still waiting

US equity indexes are significantly lower, with a break into the sp'2030s highly probable this afternoon.. along with VIX 16s. More broadly, the 2020/10 zone - where the 200dma is lurking - with VIX 18s, looks a realistic target before the weekend.




Little to add.

It really is just a matter of how low we can close today.

Equity bulls should be seriously spooked that yesterday's gains are now fully negated... and we're set for at least another 1% or so lower.

yours truly wants to close OUT before the weekend.

ps.  Denniger of Market ticker is alluding to some targets...  see HERE

stay tuned!