Tuesday, 29 September 2015

1pm update - another hour

US equities have seen some considerable chop with indexes briefly turning red. The smaller 5/15min cycles continue to offer another wave higher into the 2pm hour... with a marginal higher high in the 1900/1905 zone.. along with VIX 25s.


sp'15min



VIX'15min


Summary

Current price action is increasingly messy.. but still..

...for now... I have ZERO interest in chasing this lower whilst there remains high threat of upside into the 2pm hour.

Can we see things max out at sp'1905 at 2.30pm precisely? Is that asking too much ?

yours..
   waiting.