Tuesday, 20 August 2013

1pm update - bulls need a close in the 1650s

The main indexes are holding moderate gains, with the sp' so far peaking at 1658. Bears look tired, and the 1680s look very viable for Wed/Thursday. VIX is cooling down, -4% in the mid 14s. The sp'1680s probably will equate to VIX in the mid 13s.



Not much to add right now.

Arguably, the downside momentum has been halted..at least for a day or two..and the big gap zone of 1680/85 - as everyone surely knows about...is waiting to be filled.

VIX update from Mr T

stay tuned