The two charts below illustrate the current scenario for the S&P500 and the VIX.
The Daily S&P500 continues to climb to the heavens along a steep narrowing wedge but continually tagging the upper boundary. Price continues into the 1200's with the next resistance at 1212.
The Daily VIX chart below shows that it rebounded from its dip below 16, but certainly the trend remains down.
No comments:
Post a Comment