Thursday, June 4, 2009

And still not quite...

This wedge should break soon followed by a break of the rising blue channel then a bounce off the green channel line before breaking back into the green channel. Dailies are overbought still on the stochs.

I think we will finally get the curl over on the BPSPX:CPC.

CPCI:CPCE 30ma very close to crossing the 50ma. I am waiting for the cross before I increase my put position.

The VIX:SPX wedge has room to travel down before another trip up. But lets hope we break out soon.