Friday, 20 May 2016

2pm update - a touch of cooling

US equities are starting to show upside exhaustion, having seen a viable cycle peak of sp'2058 - with VIX 15.38. Were it not for opex.. the probability of increasing weakness into the weekend would be rather significant. As it is, a weekly close in the 2055/45 zone looks likely.




So... two hours to go.. and its a case of whether we see a minor net weekly gain... or a fractional net weekly decline. The dividing line is 2046.61.

Here in London city... ending the week with some goldilocks sunshine...

Bearish shadow

Bullish sunshine
back at 3pm