Wednesday, 21 August 2013

12pm update - a bonus push lower?

The bulls are unable to build any momentum, and the bears are making a play to push into the mid sp'1630s - where there are multiple aspects of support. Metals/Oil only a touch lower, whilst VIX now up 10%, in the 16.40s



Its getting kinda interesting..and there is now no reason not to expect at least another hour of downside.

*I will consider going long in the 1636/33 zone, especially if the market can stabilise after the FOMC minutes at 2pm.

VIX update from Mr P.

time for lunch!