Tuesday, 18 March 2014

11am update - in the magic box

US equities are moderately higher, with the sp' probably having maxed out at 1872, ahead of tomorrow's FOMC. Metals remain weak, Gold -$9, Silver -1.6%. VIX is reflecting a market will zero concern about anything, -8% in the 14.30s.



So..we have broken into the 1870s..and we're now in my target box for a right shoulder.

Kinda interesting, yes?

I am now seeking price chop all the way into tomorrow afternoon. We could easily drop to the low 1860s, before a brief FOMC spike back to 1870/75.

11.34am.. Transports close to breaking a new high..and that would be a problem.