Thursday 17 April 2014

12pm update - tired

Despite a mere four day trading week, I'm frankly... exhausted. The sp' failed to break <1800, and the 1770/60s are now around 100pts lower. It would seem likely that the sp' will break >1897 by early May. VIX is melting lower -4% in the 13.50s. Another week for the bears to forget.


sp'60min


Summary

The broad chop continues, with underlying upside pressure.

I do realise for many out there, there are still hopes of near term downside (even below 1800), but not me. I wish I could, but no. Price action does not support it.


VIX update from Mr T.


--
time for tea..or a walk..or something