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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.
8:46, 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.
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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.
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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