Saturday, June 2, 2012

SP-500 and Vix

SP-500
  • All signs pointing to Bearish, However one last run to 1370 or 1500
  •  CAN HAPPEN STILL.
    • MACD = Bearish
    • Broke mid-line = Bearish
    • Just Broke 50 DMA = Bearish
  • Break above 1320 would start to be Bullish
    • Break above 50 DMA would give the Bulls a line in the sand
  • Quick Note - Lot of Bearish news out this weekend - a bounce should follow soon to as high as the 1370 range
VIX
  • Vix hitting top of Bull Fork = Bearish short term
  • Break below 19 would start to be Bearish