We may have some form of test of yesterday's lows but don't get too exuberant on the downside. We are really, really extended to the downside on half-day/full-day 5-minute cumulative tick.
AK 84. My 2 cents on your question about GOOG is that the pattern is bullish.
Here's Bulkowsky's description and statistal probability of an ascending wedge: http://thepatternsite.com/at.html
PLUNGE wrote:AK 84. My 2 cents on your question about GOOG is that the pattern is bullish.
Here's Bulkowsky's description and statistal probability of an ascending wedge: http://thepatternsite.com/at.html
AM i reading this weekly chart of GOOG right going back a few years? HUGE ascending triangle with a breakout to the upside coming soon ??
You may be right.
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Vix is down today because of calc mechanics related to expiry for the VIX settlement. Vix is actually an interpolation of 1st and 2nd mth S&P implied vols. Today, the calculation has to shift to the 2nd and 3rd month, as S&P option expiry is this friday.