Monday 14 April 2014

10am update - opening gains... to fade?

US equities open moderately higher, but there are signs we'll still close the day net red. VIX is offering a clear reversal candle. Equity bulls are still fighting a primary down trend, as seen on the bigger daily/weekly charts. For the moment...the bounces are still to be shorted.


sp'15min


vix'60min


Summary

*It is an overly busy morning here in the London bunker. As builders continue to re-build my kitchen, I'm now battling window blinds that need fixing. Can today get any more tricky?
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I'm considering picking up a secondary index short block, but frankly, I'm somewhat overloaded with household tasks, and might just be content with what I already hold.

Regardless, this bounce is...just a bounce - at least that is how I see it.

Primary target remains unchanged..... 1770/60s..by late Wednesday.


10.04am.. minor chop, and despite the green indexes... VIX is also occasionally green.

That does NOT bode well for the bulls.


10.09am... watching the 15min cycle...maybe the maniacs can hold it up until the morning turn time of 11am.


10.23am. SHORTED, indexes.. from sp'1825... seeking an exit later today/Tuesday.

..back to the window blinds...urghhhh