Thursday 3 April 2014

12pm update - minor weakness

US indexes have slipped a little lower, after another set of new historic highs. Retracement target zone is sp'1880/75. The 1860s look out of range, even if the monthly jobs number comes in <150k tomorrow. VIX remains crushed, and at best..perhaps the mid 14s.


sp'60min


Summary

*for those who use it, yes, stockcharts is having some 'issues' right now, but I did manage to grab the above chart.
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I remain on the sidelines, would feel more comfortable going long AFTER  the jobs data is released..preferably around the typical morning turn of 11am.

So for now.....I'm waiting.
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VIX update from Mr T



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time for tea..and other things.


12.35pm.. sp'1886.... the more I look at this..the more 1875 looks a very natural target for early tomorrow.