Friday, 26 February 2016

2pm update - baby bull flag

US equities remain moderately mixed, but price structure is offering a baby bull flag. The sp'1970s look due next Monday... with a viable straight run to the 2K threshold. The only issue seems to be whether the bull maniacs can hit the 200dma.. or even the 2038/43 gap zone in FOMC week.




*VIX remains twitchy, having swung from an opening low of 18.46 to the mid 19s. It would seem likely we'll see a weekly close under the key 20 threshold.

Little to add.. on what is a subdued day.

The US political developments continue to be rather interesting though.

stay tuned