Beware the Vix. Which predicted the Sept 14 top in the market. Our daily stoch. is on an uptrend yet the 60min has already hit the oversold condition. This is a good example of what a reset looks like and once the VIX 60min turns up, the most likely case would be for the Daily stoch. to push and continue higher. Which means bad for the market.
No comments:
Post a Comment