Whilst equity indexes have turned marginally positive, the daily cycles remain slightly in favour of the bears. However, the VIX is still failing to display any upside kick/power. Metals are holding moderate gains, Gold +$6. Energy prices are mixed, Nat 'gas -0.7%.. Oil +0.8%
Unquestionably... a frustrating morning.
A marginal break of the daily 10MA... but unable to break under 2040.
This is why even though I'm STILL seeking a retrace... it has to be asked... with price action like this.. how are we going to go much below 1980/50?
Notable strength: BABA +2.4%. having swung from 107 to 112... although remains in a short term down trend.
VIX update from Mr T.
time for tea... back at 2pm.