Tuesday 4 November 2014

2pm update - continued chop

US equities remain choppy, with the Dow even turning fractionally positive. Oil remains notably weak, -1.7%. Equities look set to lose the sp'2000 threshold within a day or two.. primary downside target are the low sp'1970s.. with VIX 17/18.


sp'daily5


Summary

Tiresome day...

Awaiting at least one day of significant downside between tomorrow and Friday.

A test of the 50dma... currently @ 1968.. and rising... looks a viable target.
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yours.... struggling