One thing to note is a possible head and shoulder pattern developing. This pattern if "TRUE" would push SPX prices to the bottom range of the green dotted line supports.
MT: DOWN (OB)
ST: UP
PA: NA
Wednesday 19 March 2014
19 Mar 2014
Depending on which stocks you have purchased today, prices probably closed relatively close to the open regardless of negative or positive outcome. The fed speak today had more impact on the index themselves and intra-day charts are bearish. We are still bullish until our ST shows us a down trending signal. Therefore we should wait till it shifts before entering short positions.
One thing to note is a possible head and shoulder pattern developing. This pattern if "TRUE" would push SPX prices to the bottom range of the green dotted line supports.
MT: DOWN (OB)
ST: UP
PA: NA
One thing to note is a possible head and shoulder pattern developing. This pattern if "TRUE" would push SPX prices to the bottom range of the green dotted line supports.
MT: DOWN (OB)
ST: UP
PA: NA
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vix have had 3 fake golden crosses
ReplyDeleteive got burned from all 3 of them
now i believe this golden cross is for real, first correction is coming, will see if spy make a bigger HS in apr or may
longer target is 160 in spy
Vix is pretty volatile hence its name and hard to trade in my opinion. Anyone who trades it has got ballz...
Deletei was really worries about vix today if fed would help the index go higher, but it closed above 10,20,50,100,150,200 moving averages, that is bullish until proven otherwise
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