Tuesday, 13 October 2015

1pm update - a micro down wave

US equities see another micro wave lower.. from sp'2022 to 2013... soft support is at the hourly lower bollinger of 2010/09. VIX is +4%.. but still in the 16s. Oil is holding moderate gains of 0.5%. Gold +$3... with Silver +0.5%..the weaker USD, -0.1% in the DXY 94.70s is no doubt helping.




Well, there is little reason to believe the market won't continue in chop mode for the rest of today.

From a purely cyclical perspective..the longer we trade sideways.. it is just increasingly resetting the cycles.. in prep' for a move to the 2030/40s... for later this week.

notable strength: DIS +0.7% in the $107s.... having cleared key resistance... first target is 113/115 zone.