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.


sp'60min


VIX'daily3


Summary

Little to add... things remain on track.
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First support in the VIX is the daily 10MA..currently in the upper 14s.