Wednesday, 2 September 2015

11am update - a little twitchy

US equities have notably cooled from the early high of sp'1938 - with VIX 29.03. Despite the cooling, the hourly/daily cycles favour the bulls into next week. First target is last Thursday's high of sp'1993.. and then a prime target zone of 2010/2050.. with VIX 22/19.




*daily candle sure isn't inspiring, but given the rest of today, I'd expect some of that spike to be retaken.

Despite the moderate chop... and ongoing underlying weakness.... I'm holding to upside into next week.

time for some sunshine... back soon.