themarketzone
Short

For two months SPY was sleepy - with VIX at 12, Vol is coming

AMEX:SPY   SPDR S&P 500
For two months $SPY has been trading within a 1% range - Once on July and later on August - Total of 36 boring days that made the summer a nightmare for swing traders.

Now, with VIX             at 12 and $SPY just below a daily downtrend line, Volatility is expected to rise as the markets prepare for Sep FOMC on the 21st.

Another push towards 220$ (2200 with SPX             ) is definitely an option but the focus will be on the markets reaction to the ECB meeting on Thursday - A close below the Fast SMA line can send $SPX             back to test the previous record levels - near 212$

This analysis is part of this week's newsletters - The Weekly Markets Analysis - Check out more trading ideas for stocks and Forex here - http://goo.gl/5f5NyX

Tomer J,
The Market Zone
http://www.themarketzone.net/
http://marketzone.tumblr.com/ - My blog
https://www.youtube.com/c/TheMarketZoneNet - Youtube channel
Trade closed: target reached
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