Monday, 3 November 2014

1pm update - tedious afternoon ahead

Market is slipping into ever more micro price action. There seems little reason why there will be any dynamic moves until post US election... on Wednesday. VIX is holding minor gains of 3% in the 14.50s.



The October candle remains a pretty scary bullish one. I realise some are calling it a hanging man (bearish).. but overall.. the world indexes - as noted at the weekend, are all pointing up.

As is often the case, the VIX will likely give the first indication of underlying trouble.

Notable strength...


A bounce all it is. First resistance, the daily 10MA.. which will be in the 18s later this week.

1.35pm... algo-bot melt.... sp'2023.... back to summer trading conditions again.

 back at 3pm