Monday 4 August 2014

12pm update - still seeking a lower low

The week has begun with some mixed chop. There looks to be high probability of a lower low.. somewhere to the sp'1910/00 zone for Tue/Wed.. before a more substantial bounce will begin.


sp'15min


Summary

A bit of a messy start to the week, and no doubt a fair few are confused.

Until we break <1900, the bull maniacs still have a chance at yet another wave higher - although my bigger target of the 2100s is now completely on hold until next year.

Despite the weak index chop.. the VIX is cooling, -3% in the mid 16s.
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VIX update from Mr T.


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time for lunch