Friday, 14 August 2015

1pm update - weak equity chop

US equity indexes are moderately mixed.. and remain set for some underlying increasing weakness into the weekly close. VIX remains subdued in the 13.50s, a close above the Thursday high of 14.33 would make for a bullish engulfing candle, and that would be suggestive of equity downside next Monday.




Still... little to add.

Hourly cycle is offering increasing weakness into the close.. with the sp'2040s next week.

*as things are, I've little concern about holding long-VIX across the weekend. The 15/16s look within range by late Mon/Tuesday.

back at 2pm