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[Porter]

Monthly Trend Value -1 (mixed) Weekly Trend Value -2 (questionable) Daily Trend Value -4 (trading range) 45-min Trend Value -4 (trading range) Turtle Trend (LT) -3 (trending down) SPM Trend ..........Q......M.....W.....D.....45' SPM....U......U......D.....D......D Value..2......0......0......-1......-1 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Down Weekly--Neutral Monthly--Down Globex 45-min Trend Down 135-min Trend Down ------------- Keltner Band Trend 10-day Down 7-day Neutral 2-day Neutral ----------- Moving Average Trend Mason-Dixon (NDX 200H) Down Gator (SPX 13D+8) Down Mallory (NYA 49D) Down SB (SPX 75D) Down Chandelier Trend Zweig (MID5%) Down Stox (NAZ9%) Down Junk (ML1%) Down --------------- Intermediate Momentum Indicators NY ITBM Up NY 10D NH% Up ND 10D DEAD Up ND BP RSI Neutral NY Vol McSum Up ND Vol McSum Up Overbought VIX down 5 days in a row. Comments The spoos are still in the 5/19 congestion zone. The Volume McClellan Summation Indices turned up Friday. The ND DEAD turned up today. Porter

[mss]

Overbought

VIX down 5 days in a row.

Comments

The spoos are still in the 5/19 congestion zone.
The Volume McClellan Summation Indices turned up Friday.
The ND DEAD turned up today.

Porter

Porter, Always like your posts.
You state that "VIX down 5 days in a row". Are you implying that a rally is close at hand? Could be short term or more. VIX could move down more as shown on chart (vxo inverted) to suggest a fairly good rally taking into count your other comments. Thanks for your work, mss