http://bigcharts.mar...i...&mocktick=1
Edited by redfoliage2, 08 January 2007 - 08:59 AM.
Posted 08 January 2007 - 08:58 AM
Edited by redfoliage2, 08 January 2007 - 08:59 AM.
Posted 08 January 2007 - 10:29 AM
If this lower end double tested and holds, a scorch is in the cards.Trading range: 1405 to 1430. SPX bounced back from the lower end of the trading range at 1405 Friday. It should go back up to the top of the range. A break at either end will start a new range.
http://bigcharts.mar...i...&mocktick=1
Posted 08 January 2007 - 10:35 AM
http://ichart.finance.yahoo.com/z?s=^VIX&t=5d&q=&l=off&z=l&c=^VXN,^VXD,^RVX,^QQV,^VXO&.png
http://ichart.finance.yahoo.com/z?s=^GSPC&t=5d&q=&l=off&z=l&c=^NYA,^RUT,^NDX,^IXIC,^NDXE,^DJI,^SPXEW,^MID,^SML&.png
Posted 08 January 2007 - 02:24 PM
kisa: I see it's going to stay in this range (see my earlier post today about SPX trading range) for a while before any breakout.There is a terrible divergence in between the implied volatilities (QQV) of the NDX vs the index itself, it doesn't confirm with its leadership. This might end very ugly from here. The small caps are underperforming big time since last week as well...
http://ichart.finance.yahoo.com/z?s=^VIX&t=5d&q=&l=off&z=l&c=^VXN,^VXD,^RVX,^QQV,^VXO&.png
http://ichart.finance.yahoo.com/z?s=^GSPC&t=5d&q=&l=off&z=l&c=^NYA,^RUT,^NDX,^IXIC,^NDXE,^DJI,^SPXEW,^MID,^SML&.png
I still think that the indices can chop around in a wide range in January rather than breaking down immediately, although the technicals are quite bearish...
- kisa
Edited by redfoliage2, 08 January 2007 - 02:25 PM.