Wednesday 12 November 2014

12pm update - meanwhile.. back on Earth

Whilst the Probe 'Philae' has successfully landed on the comet... back at the worlds most rigged and twisted casino... price action remains a touch weak. VIX has broken the giant down trend.. and looks set to begin a climb into the upper teens.


sp'60min


Summary

Not much to say. I suppose we could still claw to 2045/55 zone, but really, this market looks increasingly tired with each hour.

We're due a retrace... best guess right now... 1980/50 zone.

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Metals are starting to slide, Gold -$3.

Despite opening a little higher, we have a micro double top on the miners...

GDX, 60min


I remain seeking much lower levels...
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VIX update from Mr T.


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time for a long lunch... back at 2pm