This pattern seems difficult to happen given the bullish
seasonality,impulsive nature of yday`s move,fund managers still
trying to catch up and overall economy improving bigtime. Also all
world markets are super bullish. The best chance for bears was
friday morning and they blew it with the gap up.
Also VIX gave a solid buy signal.
Again, anything could happen in this market but thats how the
odds seem to be
SPX 60
Posted by steve on 6th of Dec 2013 at 04:28 pm
$SPX - Chart Link
Here is the updated HS view...once again the SPX is at a short term inflection point. I will review several options in the weekend newsletter.
Steve, This pattern seems difficult to
Posted by rose123 on 8th of Dec 2013 at 01:28 pm
Steve,
This pattern seems difficult to happen given the bullish seasonality,impulsive nature of yday`s move,fund managers still trying to catch up and overall economy improving bigtime. Also all world markets are super bullish. The best chance for bears was friday morning and they blew it with the gap up.
Also VIX gave a solid buy signal.
Again, anything could happen in this market but thats how the odds seem to be
$VIX gave a buy signal
Posted by torvix on 8th of Dec 2013 at 02:32 pm
$VIX gave a buy signal and markets to go up?
its on support now...expect 2
Posted by himsa on 8th of Dec 2013 at 09:35 pm
its on support now...expect 2 day flat trading then possible rollover...is what im hoping since longs are few to be found, unless you want JCP lol.
Thanks for y'alls insight as
Posted by pinguin on 6th of Dec 2013 at 05:35 pm
Thanks for y'alls insight as it always helps. One thing of interest today is /TF ($RUT) lagged behind /ES quite a bit.