Saturday, April 4, 2009

The search continues...

The vix is in a shallow descending is approaching a trending line from the january highs to the march 19th high. There is a bit more room to run in the wedge, but that would require breaking the trendline. Whats also points to more potential bull run(SPY) is that the macd just crossed over and the stochs have room to run down.
The vix:spx ratio is also in a descending wedge and there appears to be a bit more room for it to run down (market run up) before bouncing off the wedge line, of course it could immediately reverse, but we will have to see. MACD still has not crossed over.