Friday 1 May 2015

12pm update - micro double top at resistance

US equities have put in a micro double top at sp'2101... so far.. unable to break above the Thursday bounce high. Downside into the weekly close is now viable. Metals remain weak, Gold -$9. With the USD +0.7% in the DXY 95.20s, Oil is under some pressure, -1.4% .


sp'5min



USO'60min


Summary

We have an interesting afternoon ahead!

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VIX update from Mr T


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time for lunch