Thursday, 7 April 2016

3pm update - bull maniacs on the run

With the break into the sp'2030s, the bull maniacs are on the run.. for the first time since early February. A daily close in the 2030s with VIX 16s seems likely, and the only issue is whether the market will see a significant opening gap lower to the 2010s - with VIX 18s, or have to spend much of Friday melting lower.




Eyes on the lower/upper bollinger bands for the sp' and VIX respectively. Right now, any action under sp'2K and >VIX 20 looks out of range.

Lets just see how we close.

*I remain seeking an exit tomorrow.. ahead of the weekend... and would then seek to re-short next Tue-Thursday.

back at the close.