Wednesday 23 September 2015

12pm update - flag breaks

US equities have naturally turned from around 11am, with the sp' cooling from an early high of 1949... to 1934. VIX is showing no real concern though.. yet. Equity bears should be battling for a daily close in the 1920s, with VIX 23s.


sp'60min



VIX'daily3



Summary

*clear break on the baby bear flag. First downside target is the 1925/20 zone this afternoon.
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Little to add, on what is a tiresome day. Maybe I'm just burning out.
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VIX update from Mr T



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time for tea.