SPX MACD crossover today and it seems to be holding - my guess of where it will go is up to the line defining the center of the two labeled W's, which is parallel to the channel - in other words to around the green circle. If this occurs I might expect a turn down in the index. We'll see.
W3?
Started by
gm_general
, Oct 05 2022 02:28 PM
2 replies to this topic
#2
slupert
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Posted 05 October 2022 - 07:50 PM
Vix might be breaking trend. Don't have a lot of faaith in Fridays data, bulls still ooking at wrong calendar year. But, this would be the best chance they have to run it. Remember over the Summer when we hit that "no mans land", the q's dropped from around 310-315 to 280 0r so, no real support. N0w we are in the opposite position, all it takes is a spark and q's could gain another10% n a heart beat. (JMHO)
$VIX | Point & Figure Chart | StockCharts.com
Edited by slupert, 05 October 2022 - 07:51 PM.
#3
slupert
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Posted 06 October 2022 - 05:01 AM
The post wasn't ment to give credibility to any kind of rally. Tomorrow the bulls will attempt to fabricate some reason to interpret the data as bullish, but will the market buy it??
