Wednesday, July 4, 2012

Back in time!

Soon the market will turn over, we might challenge the highs but will not break them.

SPY is in the blue rising wedge above. I do not expect it to make it to the upper line of the wedge\, though a move to the 140 area is possible in the coming week.

VIX is getting close enough to the lower BB that it will turn back to the 20ma soon. Basically the down turn is upon us, so expect me to be posting a little more :)
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