VST Signal Update

The bounce failed miserably yesterday and it was so swift that I missed a VST signal. At yesterday's close, it showed Bearish. SPX 1100 now looks almost a done deal............

right now technicals will whipsaw because prices will. Euro will be bid up for a few days and the stock market in turn.. but the next swing high would be godsend for the bears....

right now technicals will whipsaw because prices will.
Euro will be bid up for a few days and the stock market in turn.. but the next swing high would be godsend for the bears....

Yes the markets are currently following the Euro.... I think we could see a good bounce from the Euro also, so the markets should follow.. OEX Put/Call and CBOE Put/Call have been bullish over the last couple of days which elude to a medium term bottom should be close.. I am pretty close to a solid medium term buy signal on Put/Call Ratio...

I think we will be tied to the Euro for the next couple of weeks, so if the Euro recovers so will the markets.. Last night put us at a solid support level for the Euro. I'm glad we didn't GAP below it, so I'm hoping the Euro shoots much higher today...

Barry

well I was wrong - thought the euro was done ST and intervention had started yesterday, thus 1120 area would hold, but both dropped further - so, i am again going to wager this was it and the euro will have a bounce. so far, bonds have been an excellent ST leader - it they are going up, the indices will keep going down.

spy....S@111-110.........next...107