Leclaireur

SPY - VXX : Wave 5 then favored breakdown

BATS:SPY   SPDR S&P 500 ETF
1106 62 9
Vix             at all time lows showing some kind of cup bottom while exhausted market is doing third and last bullish burst?
Indeed seems a good point of view we're heading for 7 fail !
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Ah I see. Just different in way of trading. You are a long term trader as I'm a day(s) trader :)
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If your talking flow, as in past few days, then your flipping stocks. I'm looking at bigger trend. We are nearing a crucial point. We either saw the low today or we will see a low by the end of this week. If not, and we start seeing diverging descending line (hidden divergence) with rising bottoms, then we are in trouble.
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Nope. I'm a Teddy Bear. Lol.
You mean channel support? With a optimistic view, it can be a flag. But it is a week chart. So till the bottom is reached, better go with the flow isn't it?

snapshot

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you're right you are a perma bear. That chart also shows support within the divergence. I'd buy on the next dip at that support level you show in that chart.
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Hudge negative divergence on transport

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Most likely outcome... we see new highs out of this mess
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KevinT QuantitativeExhaustion
JR: ur confusing me. I'm metally all bearish :P
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