The Dream... Of 2,400!
A good time to update the latest S&P chart as things become clearer on the Fed front. Markets positioning for a 25bps cut as a done deal and Equities enjoying the rally.
We finally cleared the 3,000 level yesterday and it's time to start working the sell side with all eyes on 2,400 targets. Keeping a very close eye on Vix as we enter this final Quarter:
The capitulation waters are upon us and it wont take much more than a tick above 15 in Vix to confirm the highs in S&P for a very very long time. This is the capitulation chart for Vol:
Best of luck all those turning underweight in US Equities.
We finally cleared the 3,000 level yesterday and it's time to start working the sell side with all eyes on 2,400 targets. Keeping a very close eye on Vix as we enter this final Quarter:
The capitulation waters are upon us and it wont take much more than a tick above 15 in Vix to confirm the highs in S&P for a very very long time. This is the capitulation chart for Vol:
Best of luck all those turning underweight in US Equities.
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