Friday 5 June 2015

3pm update - chop into the weekend

US equities look set for minor chop into the weekly close, having put in a spike floor of sp'2085, with VIX 15.65. Renewed strength looks due with net historic highs viable for some indexes in the coming weeks. However.. a summer/early autumn correction looks extremely probable.


sp'60min



VIX'60min


Summary

*note the opening black-fail spiky candle on the VIX.
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Well, its been a long week, and I've nothing to add!

back at the close.. to wrap up the week