Thursday, 13 August 2015

1pm update - the 2100 threshold

US equities remain choppy.. but now a touch on the positive side. What should be clear, near term key resistance is the sp'2100 threshold. A daily close above 2100 would bode in favour of the bulls.. otherwise.. the next rollover will break a marginal lower low in the 2040s... which would likely equate to VIX 17/18s (as ever...briefly).




*note the weekly chart... bears really need to get a Friday close back under 2080 has been offering some support in the previous four weeks.

A difficult day for yours truly... and it is not in the least bit because the VIX is in the 13s.

back at 2pm