The Short-term MO is showing oversold conditions, something to keep an eye on!!
The bears were firmly in charge today, even ending the day at the low of the session and still in a strong Fib fan, should be more to come, decliners out weighed advancers 5:1. Keep an eye on the VIX, it is very close to making a new (short term) high!!
Update-7:09, the last move down broke the trendline from 666!!!
Today there is a definite trend break to the downside on the MACD, on increasing sell volume!!!
Thanks, I put your blog up on my list as well.
ReplyDeleteRegards,
Todd
The trendline break from 666 is a biggie! I can see your excitement shining through the charts. Big event ahead? Cheers...
ReplyDelete-pat.
DAAAAAA BEEEEEAAAARRRSSSSSS !!!!
ReplyDeleteThanks for the charts Col :)