Looks like price do not want bears to go away, or even worse, is trying to wash out all the bulls out there. The big-picture signaled the first warning in months...
Keep in mind that volatility is holding above 15. Last week price action could mean that, on the contrary, VIX is about to explode on the upside...
The daily chart is also pointing down and one should defend a bearish bias under the short term exponential moving averages (Stay bearish if S&P500 < 1392.78).
Keep in mind that volatility is holding above 15. Last week price action could mean that, on the contrary, VIX is about to explode on the upside...
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