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Thursday, September 30, 2010

Thursday updates!!!

Dino put together a nice post last night on how the Gann dates are pointing to a top now, you can check out the whole post by Clicking here!!!
Click here for a live, and updated chart!!!
8:46, The SPX is starting to break down but needs a solid close below support of 1131 to support the bears case of a new down trend developing.

8:43, The VIX has broke above the trendline from the high of 48.20 and also moved above the 200 day MA.

Click here for a live and updated chart!!!
7:26, The SPX now has equality on the "A" and "C" wave, and very possible that all five waves up are finished, the only option would be this morning move was only wave 1 of the 5th wave up but a break below 1141.02 would put this option to rest.
The trend remains up as the SPX made another higher high, and the Trend Finder went 25% bullish at the open, but quickly reverted back to a neutral reading.

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