Wednesday, 10 September 2014

11am update - quiet morning

It is pretty subdued in market land, with continued minor weakness in the broader market. The low sp'1970s - along with VIX 15s, increasingly look an easy target. The only issue is... will it hold? Overall price action though is not particularly bearish.



There are many aspects of support in the low 1970s, along with a clear price gap in the VIX in the 15s.

Unless bears get some 'news excuse'... this market is going to once again floor on the Thur/Friday the week before opex.