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samitrading

Trend line of higher lows is still intact, BUT we broke 50d MA!

Volatility S&P 500 Index (TVC:VIX)  
samitrading Updated   
TVC:VIX   Volatility S&P 500 Index
Trend Analysis Chart Patterns VIX CBOE Volatility Index vixshort
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trendanalysis chartpattern vix vixshort
Nothing to add here this is just 101 technical analysis. Breaking 50D MA
is a bearish sing. We still have higher lows which tills us that up trend
is still ON.
Comment:
We broke our "Major" trend line, not a good sing here our next legitimate target is 15.68 which is our last major low. Stock markets could/might/will see a bullish move
form here on for a while !!!
Comment:
We broke and we touched the 15.68 area the Power of tech analysis.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.

****** Past performance is no guarantee of future results***


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