11am update - murky skies for the bears

US equities are battling to push into the sp'1850s, with VIX -4% in the 26s. The market is clearly due a bounce, one that should last at least 4-5 days, taking the sp' back into the 1900s. As things are, the 50dma will be prime resistance, and by end month, will be around 1930/20.


sp'daily5

VIX'daily3

Summary

Little to add.

With a long 3 day weekend ahead, price action will be inclined to be more choppy and subdued.

*were I not writing, I'd turn off my screen and come back Monday Feb'22nd.

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Here in London city....

Grey.. and feeling icy cold. Not great... but still, we're another day closer to summer.
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time to cook