Friday 19 February 2016

2pm update - subdued opex chop

US equities are seeing ever more subdued price chop. It is notable that the hourly bollinger bands are now sp'1933/1903.. and still narrowing... ahead of a move to test next resistance @ 1950/65 next week. VIX is naturally in cooling mode for a fifth day... -4% in the 20.70s.


sp'60min



VIX'daily3



Summary

Little to add.. on what is a rather typical opex day.

It really appears to merely be a case of whether 1950/60s are hit next week.. or early March. In scheme of things.. it makes little difference.

Whether the market can claw its way to the psy' level of 2K.. I'm still a little dubious about.


--
A video.. for those in the mood for a little bearish doom...



Its actually rather good.

--
back at 3pm