Monday, 28 July 2014

2pm update - flag confirmed

US equities confirm a small.. but clear baby bull flag.. with a break into the sp'1980s. Whether the bulls can attain a daily close in the another matter. Mr Market looks set to move into nano churn mode.. ahead of 'big Wednesday'.


R2K, 60min


*price action confirmed, with a VIX that has turned fractionally red.

Suffice to say... equity bears had a bonus opportunity to exit this morning, and we're now barely 0.5% from breaking a new historic high.

All the bulls need is to see the R2K break >1965, which would really nail anyone who has been short since last week.