Thursday, 7 April 2016

1pm update - still waiting

US equity indexes are significantly lower, with a break into the sp'2030s highly probable this afternoon.. along with VIX 16s. More broadly, the 2020/10 zone - where the 200dma is lurking - with VIX 18s, looks a realistic target before the weekend.


sp'60min



VIX'60min


Summary

Little to add.

It really is just a matter of how low we can close today.

Equity bulls should be seriously spooked that yesterday's gains are now fully negated... and we're set for at least another 1% or so lower.

yours truly wants to close OUT before the weekend.
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ps.  Denniger of Market ticker is alluding to some targets...  see HERE

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stay tuned!