Wednesday, 13 April 2016

2pm update - hourly cycle ticking lower

US equity indexes remain positive, having seen a new cycle high of sp'2079... just 2pts shy of the Nov' high. VIX remains very subdued, -6% in the upper 13s. Metals are very mixed, Gold -$9, whilst Silver is +0.6%.




Underlying MACD (blue bar histogram) is indeed starting to tick lower for most equity indexes. I suppose you could look to the high from March 30th, and then look for a hit of the lower hourly bollinger.

As of late Friday, the lower bol' will be around 2050... which is not much more than 1% lower than current levels.

time for a rather late lunch