New lows on VIX without new highs on S&P500. For me this is a clear bearish signal...
Looking to the weekly charts one could say: "Been there, done that"
I have a clear scenario in my mind, and will use daily chart to prepare a plan
Under 1406 i am expecting a visit to the 50 days e.m.a. or even to the 200 days. Bears would like to see a strong break of the 1388 level which would point to the lower end of the recent range. I will sell more with that breakdown. I really do not think bulls can sleep now...
No comments:
Post a Comment