Wednesday, 21 August 2013

1pm update - marginal mess

The main indexes remain moderately lower, a mere hour ahead of the FOMC minutes. Bulls still look set for much higher levels across the next few days. VIX remains higher, almost all the gains are via an opex jump to the next month.



The micro 5/15/60min cycles are all looking floored.

Who wants to trade ahead of the next Fed press release?

Overly risky.

Personally, I'm beyond tired of this nonsense.

It'd be the height of irony if we just keep falling..from 1709..all the way to the lower weekly bolinger (sp'1550/60s), whilst I sit paralysed on the sidelines.

I envy the cold..calculating algo-bots.