Wednesday 13 August 2014

1pm update - afternoon melt

US equities are holding moderate gains, with the sp' above the Monday high of sp'1944. A daily close in the 1945/55 zone looks highly probable, with VIX in the 12s. Metals and Oil are seeing minor chop.


sp'daily5


Summary

Suffice to say... bull flag played out... and we're still on track for the first attempt to clear the 50 day MA of 1955.

If that is cleared early tomorrow..a weekly close in the 1965/70 zone is possible...before the first sig' retrace.
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I'm tired.... back at 2pm.