SPX and VIX were both up yesterday…
and my observation is that usually precedes a change in trend. SInce we
were rising into a turn window of 23 - 27 Dec, that should be a high and
selling could start anytime and continue into the 20 week Hurst low in
the first week of Jan.
In Elliot wave, we are still in that bearish wedge. Either we have
completed it during globex, or we will only have an ABC corrective wave
in the cash markets from the 1202 low. Hourly chart of SPX has signaled
an MACD sell. Now waiting for daily to do the same.
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