Thursday, 13 August 2015

11am update - chop chop

Equities remain choppy, having made an early low of sp'2078 (with VIX 14.33). Hourly equity/VIX cycles are still setup in favour of the bears, with a more sustained break lower tomorrow. For now, unless the bulls can break/hold >sp'2100... and take out the previous lower high of 2112, nothing has changed.




*notable weakness: Oil -2.6%, with WTIC hitting a new cycle low of $42.10

A choppy morning so far... as Mr Market is battling to pick a direction.

Busy morning in my world..........back at 12pm..