Tuesday, 5 April 2016

1pm update - VIX 16s are on their way

US equities remain broadly lower, and it would seem just a matter of whether the VIX will break into the 16s by today's close... or tomorrow. In either case, the market is seeing a natural intial retrace of the ramp from sp'1810-2075.



Unlike last Friday, the market is unable to rally.. and we look set for a second day of net declines.

As things are, I am trying to be patient, but will get twitchy around sp'2025/20.. with VIX >17.50.

Q. Could we perhaps fall further to the 38% fib.. around 1980/75, as happened early last November?



time for some sun....  back at 2pm...