Tuesday, 12 August 2014

12pm update - awaiting renewed upside

US equities are attempting to rally from a morning low of sp'1929. Despite the minor declines, VIX remains weak, and will probably turn red this afternoon. Metals are holding moderate gains, Gold +$6.


sp'60min


Summary

Suffice to say.. minor chop... upside into the 1950s looks likely tomorrow.

Price structure is still a bull flag...now spanning a good 7/8 trading hours.
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VIX update from Mr T.


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time for lunch