VIX bounced off the lower BB on the dailies. Look for a move in the VIX to the 20ma. The BPSPX:CPC 20 ma has now crossed the 50ma moving up. Nothing to do now but wait for it to curl over. We see that the divergence earlier between the SPX and BPSPX has worked itself out. Sitting here with a 101 fever, so I am not going to do too much more tonight. Just that there needs to be a fairly sharp pullback soon.
Still looking for a bit of a pull back before final highs...
VIX bounced off the lower BB on the dailies. Look for a move in the VIX to the 20ma. The BPSPX:CPC 20 ma has now crossed the 50ma moving up. Nothing to do now but wait for it to curl over. We see that the divergence earlier between the SPX and BPSPX has worked itself out. Sitting here with a 101 fever, so I am not going to do too much more tonight. Just that there needs to be a fairly sharp pullback soon.
This is probably the only time we are going to see a market like this in our lifetime. So lets make the best of the opportunity. I am going to concentrate on mainly trading the S&P 500 index using Elliott Waves and other TA. I will mainly be using puts and calls on SPY, but at times will trade SDS and SSO also. Do your own due diligence of course. Do not take any of my commentary and technical analysis as recommendations to purchase stocks or options. I do not currently trade the E-minis.