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Between SPX 50d 2058 and 50w 2024.
Opening around 2040.. mind the morning gap down. H&S neckline being tested again, and key support. As per yesterday.. cyan bearish rising wedge bottom right, should they want to push this much higher.
VIX 60m.. messy invs H&S still hanging in, VIX 15m bearish rising wedge.
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mind the gap.. VIX trying.. over the 17 range neckline invs H&S 60m.. look out below Indexes.. big time.. SPX would crack neckline.
But still holding. Where is the TLT, Oil, gold money going? Could come back to equities.. crazy thinking.
Dudley speaks at 10:30am fwiw.
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Last edited by fehro on Thu May 19, 2016 9:45 am, edited 1 time in total.
fehro wrote:mind the gap.. VIX trying.. over the 17 range neckline invs H&S 60m.. look out below Indexes.. big time.. SPX would crack neckline.
But still holding. Where is the TLT, Oil, gold money going? Could come back to equities.. crazy thinking.
Dudley speaks at 10:30am fwiw.
not crazy, no way fed hikes, econ data sucks. Dudley a dove. unreal how many bear opps over last few weeks, squeeze pop after squeeze pop until they can't ...bears must bust yesterdays lows soon or sayonara...
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