S+P 500 has
"continued "
it's "rising trend triangle breakout this morning, although the rally is now being met with sellers.
The upside move ,confirmed by the KST Indicator, (Shown) is sparked by the rise in crude oil US futures above $80
with money moving into the energy stocks today, after OPEC agreed to surprising production cuts their meeting this weekend.
Upside "measured chart target" for the S+P 500 rises up to the 4270 area.
This 4 Day Holiday shortened trading week, is often "seasonally bullish" for the stock market around Easter.
However, do take note of perhaps a glaring "bearish divergence" taking place at the same time.
As the market has been rising this morning,
the VIX Volatility Index has also "been rising",19.18 Last
meaning volatility traders, some of the best in the business,
are placing big money bets by "buying volatility"
believing the rally,... " may not last ".
SPX NOON EDT OPEN 4109.14
THE_UNWIND
WOODS OF CONNECTICUT
"continued "
it's "rising trend triangle breakout this morning, although the rally is now being met with sellers.
The upside move ,confirmed by the KST Indicator, (Shown) is sparked by the rise in crude oil US futures above $80
with money moving into the energy stocks today, after OPEC agreed to surprising production cuts their meeting this weekend.
Upside "measured chart target" for the S+P 500 rises up to the 4270 area.
This 4 Day Holiday shortened trading week, is often "seasonally bullish" for the stock market around Easter.
However, do take note of perhaps a glaring "bearish divergence" taking place at the same time.
As the market has been rising this morning,
the VIX Volatility Index has also "been rising",19.18 Last
meaning volatility traders, some of the best in the business,
are placing big money bets by "buying volatility"
believing the rally,... " may not last ".
SPX NOON EDT OPEN 4109.14
THE_UNWIND
WOODS OF CONNECTICUT