if things don't change dramatically in the next 70 mins, we will
have a confirmed VIX buy signal ( buy the market, that is). I have
a feeling though that this bounce is only that, a bounce, and that
we might not have much of a chance of greater upside before another
leg down takes place. May we have your thoughts, please?
isplat...the current trend is up and can extend if it so
desires. The SPX is close to 50% Fib and prior low at 1608.
The 60 minute charts are overbought but can embed if they
choose. I posted a daily chart earlier showing an RSI
trendline to monitor.
VIX signal
Posted by isplat on 26th of Jun 2013 at 02:53 pm
Matt / Steve,
if things don't change dramatically in the next 70 mins, we will have a confirmed VIX buy signal ( buy the market, that is). I have a feeling though that this bounce is only that, a bounce, and that we might not have much of a chance of greater upside before another leg down takes place. May we have your thoughts, please?
VIX Signal
Posted by nichi on 26th of Jun 2013 at 03:07 pm
Good idea to get Matt/Steve feedback....
isplat...the current trend is up
Posted by steve on 26th of Jun 2013 at 03:06 pm
isplat...the current trend is up and can extend if it so desires. The SPX is close to 50% Fib and prior low at 1608. The 60 minute charts are overbought but can embed if they choose. I posted a daily chart earlier showing an RSI trendline to monitor.
Thanks Steve, that's precisely the
Posted by isplat on 26th of Jun 2013 at 03:24 pm
Thanks Steve, that's precisely the sort of sober, to the point feedback I was looking for - which is a BPT hallmark, of course!