sp'daily
vix'daily3
Summary
Well, with the 50 day failing...we're clearly on the way...
The only issue now is whether the FOMC spike low of 1767 will be taken out on the current cycle.
Equity bears should be content with any weekly close <1815
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Friday, 24 January 2014
11am update - key support busted
With a decisive break below the 50 day MA, the market is seeing a second day of significant declines. Next soft support is around sp'1780. VIX +16% into the low 16s...highest level since mid December. Gold is holding slight gains of $4.
sp'daily
vix'daily3
Summary
Well, with the 50 day failing...we're clearly on the way...
The only issue now is whether the FOMC spike low of 1767 will be taken out on the current cycle.
Equity bears should be content with any weekly close <1815
--
sp'daily
vix'daily3
Summary
Well, with the 50 day failing...we're clearly on the way...
The only issue now is whether the FOMC spike low of 1767 will be taken out on the current cycle.
Equity bears should be content with any weekly close <1815
--