Thursday, 29 October 2015

3pm update - 7.2 points

US equities remain in a rather bizarrely tight trading range of a mere 7.2pts. Price structure is arguably still one of a topping formation..  snap level at the Friday open will be sp'2075. VIX is holding minor gains of 2.6% in the 14.70s.


sp'60min



Summary

So.. err... 7.2pts... its not exactly exciting, is it?

Tomorrow can only be more dynamic.. yes?

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notable strength...

AAPL, +1% in the $120s


AAPL is managing to continue climbing after good earnings.... but it looks way over stretched.. and will be vulnerable as the broader market rolls over into next week.
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back at the close.