Friday, 14 March 2014

2pm update - weak market

US equities are still unable to claw back above the hourly 10MA, and a daily close in the 1830s remains very viable. The weekly close <1863 is set to provide an initial bearish warning of trouble for the rest of March. Bulls..beware! VIX is fighting to hold the 17s.




*a reminder on the weekly cycle, which is set to close the week with a blue candle.

I hope we floor in the 1830 area - just around the 50 day MA, and then launching a major re-short next Wednesday becomes pretty easy.

Just 3 days to go :)