Wednesday, 23 September 2015

11am update - baby bear flag

US equity indexes are battling to build minor gains, with the sp +5pts @ 1948. VIX is naturally subdued, -4% in the 21s. Price structure on the hourly cycle is a clear bear flag... but it could easily drag out into late afternoon... with next sig' downside opportunity not until Thursday.




Little to add.

Today is a write off for those currently holding short. Its really a case of turn off your screen.. and come back tomorrow.

back at 12pm