Wednesday, 10 September 2014

10am update - continuing to slide

US equities open a little weak, with the daily cycles on track for a test of the 50 day MA around sp'1971/70 within the next day or two. Metals are weak, Gold -$5. Oil/Gas are both lower by -0.6%




A relatively quiet open, but the weakness is certainly still there.

VIX looks on track for the gap zone in the 15s.. .which is highly suggestive of the sp'1975/70 zone.. more likely tomorrow morning.

So... is this just a little tease to the bears... or will it keep on falling?

Barring some 'spooky news'.. its just a tease..before new highs later in the month.

10.39am... sp'1983.... well, the low 1970s are on track.   VIX just broke 14s.