Wednesday, 12 November 2014

12pm update - meanwhile.. back on Earth

Whilst the Probe 'Philae' has successfully landed on the comet... back at the worlds most rigged and twisted casino... price action remains a touch weak. VIX has broken the giant down trend.. and looks set to begin a climb into the upper teens.



Not much to say. I suppose we could still claw to 2045/55 zone, but really, this market looks increasingly tired with each hour.

We're due a retrace... best guess right now... 1980/50 zone.

Metals are starting to slide, Gold -$3.

Despite opening a little higher, we have a micro double top on the miners...

GDX, 60min

I remain seeking much lower levels...

VIX update from Mr T.

time for a long lunch... back at 2pm