Thursday, 17 July 2014

2pm update - a daily close in the low 1960s?

Considering this mornings dramatic news, there is likely further downside into the close. A daily close in the sp'1965/60 zone looks a valid target. Gold is holding sig' gains, +$17, whilst Oil is +1.5%. VIX is still battling to retake the low teens.



So..we're looking weak.... and now its a question of whether the Thursday low of 1952 will hold in the current down wave.

*as things are...I will be looking to pick up an index-long tomorrow morning... in the R2K no less.

Gods help the bulls now.