Market Update 14/6:S&P,WTI and VIX

S&P remains in a bullish trend,despite the recent correction fueled by persistent uncertainty over the future of QE programs and FED policy,as well as the health of the global economy following Chinese data and overall European weakness.

SPX_14_6

 

WTI Oil has formed a reverse head and shoulders pattern,signaling a strong upward movement,unless we see a retreat below the neckline very soon.If the pattern is confirmed we are heading near the 110$ mark mid-term.

WTI_14_6

WTI01_14_6

 

VIX is also in an upward channel,but what is important to note is the macrobearish trendline spanning from May 2012,that will be tested short-term,if its rise continues.

VIX_14_6

 

 

 

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This entry was posted in Markets.

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