Monday 5 January 2015

1pm update - approaching a key level

US equities remain very weak.... and continue to slide. Mr Market is approaching the next support zone... where the 61.8% fib retrace is lurking... at the gap zone. Gold building gains... +$12. Oil remains exceptionally weak, -4.1%... set for a daily close in the 50/49 zone.


sp'60min - with fib retrace.


Summary

... with continued declines... I'm back an hour early.

Without question... things are finally starting to get interesting...

VIX on the rise... next soft target are the 23s... upper bollinger territory...


If we break the 25s this week... well... that would be a surprise.
-
stay tuned...


1.17pm... sp'2019.... set to lose the golden fib'..... next level ... 2000... then 1972....

............ blame the Greeks.