Wednesday, 23 September 2015

1pm update - market is struggling

The early morning gains to sp'1949 now seem a long way up, as the market is clearly struggling. A great many individual stock charts - DIS, INTC (its a long list) are warning of a major problem within the next 2-3 trading days. VIX is so far showing no concern, broadly flat in the 22s, but with viable upside to 26/30 by Friday.




Question of the hour...

Which part of the last six weeks is even remotely similar to the price action of Oct' 2014?

This is no V shaped drop.  This is a CORE BREAK...  chop under old support.. with another major wave lower due.

yours.. still short... and trying to be patient