Friday 12 September 2014

3pm update - weakness into the weekend

US equities remain weak, with the sp' set for a weekly close in the 1985/75 zone. This will be the first net weekly decline for the sp'500 since early August. Primary downside target remains 1975/00 zone, along with VIX 15s.


sp'60min


VIX'60min


Summary

Suffice to say... at least the week is ending 'on track'...

*I will look to pick up a major long block, next Mon/Tuesday..whenever we hit the low 1970s..with VIX 15s.
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...updates into the close....


3.17pm.. .a micro ramp to 1985.... bears covering?

Regardless, I ain't going long unless we hit the low 1970s....

As I often say... 'don't get lost in the minor noise'.


3.22pm.. with volatility as low as it is, its kinda not surprising that everyone gets so rattled on a 0.2% rally across 10/15mins.

So..as things are... seeking for this to hit target next Monday.. I'd be surprised if it takes until Tue/Wed.