range, direction isn't clear but the current push up may have legs.
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SPX 15m.. a tad messy.. pressing green channel again... bearish rising wedge... which may retest near the highs.. VIX a tad weak.. break 13.50 range.. look for a sharp pop in the markets... or head fake.. if the red *BULLISH falling wedge on the VIX plays out..
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Last edited by fehro on Mon Mar 31, 2014 1:18 pm, edited 1 time in total.
vol surge, range high, so might see pullback here first which likely would be bought.
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most likely we see a top for today, all major indexes (with extended hour data) are entering the sell zone, on my mid to long term entry setup, DIA is the strongest link. IWM and Qs are the weakest.
I see IWM may try to test 20 MA but that will be a good sell spot there.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
consolidation here favors bulls a little bit. lunch time, will be back.
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SPX daily.. could be channel trendline retest for the bears .. if this is only "window dressing" for EOM, EOQ,.. could get one more pop up tomorrow "evening star" candle? for the bearish view..