Equity Indices Monthly (Feb ’16)

The rising trend from the August 2015 year low remains intact, but mixed short-term studies are keeping VIX price action cautious. Rising monthly studies, and increasing volatility, however, anticipate further gains into the coming months, with a break above the 32.09 high of January to target the 33.15, (50%) retracement of the August- October fall. Just higher is the 33.82 high of September.

Support into limited setbacks is down to congestion around 18.00, with an unexpected close beneath here turning price action neutral. A further close below 15.00, however, will signal a deeper reaction, and turn price action negative.

To access the full report, covering the US, UK, Germany, Europe, Emerging, Hong Kong and China indexes, please click here.

 



Comments are closed.