Nearby SPX

Over the weekend I called for price advance based upon the read
of the bands and associated tea leaves. (here)

This evening there is cause for some caution. We did not have any
follow through on band expansion or any flare, and we have broken away
from the tagged band which generally hints at some kind of pause, at least.
(see 18 Mar and 7 April) OBV and price mo are up; mac is not telling.



http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=0&dy=20&i=p93467609205&r=1543.png

Meanwhile, on the VIX, the downward resolution which I proposed to
Roger on the 6th might have run its course. There is a breakaway, a
hit to price momentum and some ever-so-faint upticking of the mac.



http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=0&dy=20&i=p17004999881&r=4634.png

All much fuzzeir that I like, and consequently not actionable, band-wise. Need a couple more bars to get a
better read.

Nice selecto, your link was broken so here it is:
http://www.traders-t...?...=118059&hl=

Agreed on the VIX=but it probably takes 3 or 4 days to kick in and matter.

The percentage of down days the day after a day when the spx was up along with the VIX being up used to be fairly good, but out of the last 10 it is 50/50 odds now. Ambac short squeeze has distorted a lot of the NYSE stuff the last few days now.