has reached, for the 3rd time, a major support level
, and consolidating. The chart says it wants to go higher from here, but world events are causing the VXX
, and that is either supressing the next leg up, or will cause a break of trend up, and if it does that, we have two targets to head downside for, and a whole new look at this market. 3rd case, we just tread this line for a while, waiting for a catalyst, which could be the first signifiacnt earnings
reports, setting the tone for the next 2 weeks, which BTW
, could be the most significant earnings
reports in years. THESE NEXT TWO WEEKS ARE HUGE, JUST HUGE, AND WATCHING EARNINGS
, could be a day trader's dream.