Friday, 18 September 2015

1pm update - testing the earlier low

US equities are once again coming rather close to breaking rising support (sp'1960). A daily close in the sp'1950s would bode of a key top at 2020... but for now.. that is a very big uncertainty. VIX +6% in the 22s... still below the opening high of 23.80.



Little to add.

It simply remains a case of whether we break that trend... or not.

Best guess.. it holds... but it is a very marginal situation.

*I remain content on the sidelines...

back at 2pm