Thursday, 13 August 2015

3pm update - ready to rollover

US equities are holding moderate gains, with the sp +6pts @ 2092. Key resistance remains the 2100 threshold, but that looks well out of range today. Equity bears had better show up early tomorrow.. or a weekly close >2100 would cause some problems to the mid term bearish outlook.



Little to add.

Hourly equity/VIX cycle remains prone to a rollover, but clearly....... not today.

back at the close.