Friday 12 September 2014

1pm update - slowly sliding

US equities remain moderately weak, with the sp' stuck under the 1990 threshold. Primary downside target remains the low sp'1970s - along with VIX 15s, which seems very viable early Monday. Metals remain weak, Gold -$9,


sp'60min


Summary

Well, its been a quiet week of minor weak chop...

Downside target remains viable.... and for me, that will be a buying zone. Under NO circumstances am I interested in shorting the indexes...not before sp'2050 or so.

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time for a walk... before the vampires come out.