Wednesday, 9 March 2016

2pm update - the upper gap

Whilst US equity indexes are holding moderate gains ahead of the latest ECB announcement/Draghi press conf', it is notable that the upper bollinger band on the daily cycle is already offering the mid sp'2030s. By next week's FOMC, a gap fill in the 2038/43 zone will be viable.




*VIX remains broadly subdued, having hit the 19s... but looks vulnerable to 15/14s next Wed' at what should be 'max bullishness' in the mainstream.

So... it remains pretty subdued.. and that won't likely change for rest of today.

Anyone currently short.. can have NO excuse to be whining tomorrow, if Draghi 'inspires' the markets. Its not like we don't know he is due.

back at 3pm