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theta_mane

Interesting times for the $SPX

Short
S&P 500 Index (SP:SPX)  
theta_mane Updated   
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns
5
0
trendanalysis chartpattern
  • Massive support and resistance from both fibs
  • Wedges on both the $SPX on the $VIX
  • Fannie, Fredie are unlikely to aid mortgage companies, giving 2008 flashbacks
  • A gap up day fizzling and ending close to yesterday's highs

Don't really like the wedge, we need more coal to keep the wedge theory. This bull run might not last longer. Trade cautiously!
Comment:
Wedge still in play, VIX is getting all weird.
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