Wednesday 18 June 2014

10am update - much like the Tuesday open

US equities are trading very much like early Tuesday, an opening minor drop..but then a reversal. The daily cycle is offering the sp'1960s in the immediate term, and that is certainly viable today, as reflected in a VIX that has settled its opex in the 11s.


sp'daily5


Summary

Long day ahead....


*I'm still holding Long, and remain seeking R2K in the 1190s.. at which point I'd start to lighten up.
-

back....after a walk... I need some air before the FOMC.
-