Monday 25 January 2016

3pm update - weakness into the close

US equities are set to break a new intra low, with weakness into the close... and probably early Tuesday. The sp'1875/70 zone looks due.. along with VIX 25/26s. From there... renewed strength into end month, at least to the 1940s, with VIX <20.


sp'15min



sp'60min



Summary

*hourly equity cycle is set to see a MACD bearish cross in the closing hour, and that bodes strongly for the bears into early tomorrow.
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Market is behaving itself rather well.... consolidating/cooling from last Wed-Friday ramp.

Whether AAPL is the 'excuse' used for sp'1940s... difficult to say.

What isn't hard to say... we're still headed somewhat higher once the current down wave concludes.
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back at the close.