Wednesday, 17 September 2014

11am update - minor chop

US equities appear to have seen an early morning peak of sp'2004. A move lower to sp'1995/90 seems very viable later today.. which might equate to VIX in the mid 13s. Oil is weak, -0.5%.



Right now, there is little to add.

There is a possible micro H/S formation.. if we can slip to 2000 within the next hour....

Regardless, most will be sitting on the sidelines until Yellen has stopped talking.. but that might take us to 3.15/30pm.

*seeking to go re-long later today

11.35am... indexes set to turn red...   VIX +3%...