Friday 12 December 2014

3pm update - weakness into the weekend

US equities look set for continued weakness into the close. A daily close in the sp'2010/00 zone looks very viable, along with VIX 22/23s. Oil remains crushed...settling the weak -3% in the $57s.. a short term floor is 'almost' in. Metals are melting lower, Gold -$3


sp'daily5


Summary

Its been a long.. but rather interesting week...

Lets see if the bears can break a new low in the closing hour...

Best guess... sp'2008/06.. with Dow -290/310pts.... along with VIX 22s
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3.21pm.. Dpw -204pts... hmm... still time for another sig' wave lower...

Anyway... holding to prime target of sp'2000.. where there multiple aspects of support.