Wednesday, 12 October 2016

A little shaky in October

With US equities trading back to the sp'2120s - with VIX 16s, price momentum on the giant monthly cycle has cooled a little. It will be important for the equity bulls to achieve renewed upside.



Suffice to add... underlying MACD cycle is back to moderately negative.... aka.. MARCON 6.

A failure to keep pushing higher - at the zero threshold, would be especially bearish.

Lets see how the month settles.