Sunday, January 3, 2010

The Beginning of the End...

Thursday SPY drifted out of the rising wedge, then all of a sudden at the end of the day there was a sharp drop at 3:30 that sent the VIX soaring as well.
BPSPX:CPC 20ma looks primed to roll over. This would the market topping again.
VIX closed out of the bullish falling wedge that began in November.

Everything is pointing to a major pull back.
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