The SP500 is lower today and is coming down more than I expected in the last three days. The next stop is in the area of 1915. On the contrary today the VIX is trading the highest levels of this week. This pull back could be taken healthy however if the bulls do not
For the first time in a while the QQQ has confirm more power to the upside than the SPY. This means that the bulls, players in control, prefers the components of QQQ vs. SPY. Attached is a screenshot of Thomson Reuters Eikon taken on Wed 6/11/2014 2:11 PM (GMT) :
We saw the major indexes trading lower this morning however the bulls to them back to flat at the end of the day. The VIX remains low, so there is no signals of fear or a correction coming yet. It is important to notice that we stopped one time framing. World Index
The futures of SP500 (ESU4) traded to 1944 (we changed contract) and gave up some mix signals Trading long the SPY with Options Going long VXX (Long term) Taking profits on the GLD trade. There is cash entering the markets, there is a good chance we trade to the highs again.
We are trading on the TOP LINE OF THE CHANNEL, it seem we could get the bears out of this market in the next days. After that there is a likelihood we trade to the down side!! Where is the catalyst?
The Market (#SPY) Closed again at all-time highs and I anticipate a strong opening tomorrow. This morning we tested the support of the trend line but failed to trade lower. I am not expecting to hold, much longer, that inclination of the trend but until it doesn’t I am not going to
