Monday, 19 October 2015

3pm update - minor chop into the close

The week has started with a day of chop.. merely consolidating, before the next push upward. All indexes look set to test their respective 200dma's within the next 3-7 trading days. VIX remains naturally subdued in the low 15s.. having broken into the 14s earlier.


sp'60min



VIX'60min



Summary

Little to add.

The gains in DIS and INTC are not to be dismissed lightly.

Nor even the reversal in NFLX... just about key support.
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back at the close