Monday, 17 March 2014

1pm update - chop chop

The minor down cycle appears complete at sp'1853, and bulls look set to close the day at least moderately higher in the 1850s. VIX remains sharply lower, -11% in the upper 15s. Metals are still sliding, Gold -$7.




Little to add... things remain on track.

First support in the VIX is the daily 10MA..currently in the upper 14s.