September 17, 2011

S&P 500 Weekend update

  • SPX Week and Daily charts have closed near resistance levels. Four hour chart too looks overbought. Price is yet to confirm a sell.

1 comment:

  1. Xray of Market Internals

    Certainly supports theory of a big market move down

    Here is the first market internal X-ray, taken with less than 1 mSievert exposure, and 5 seconds to digest.

    Clearly, volatility has formed a bull flag, that means volatility likely to continue going up. However, I wouldn't be the farm on this Xray alone.

    At the bottom is Hawaii Trading's custom Vix, we call it VOS (Volatility on Steroids). It is a volatility ratio, which we think is harder to "game", in other words, more likely to nail the truth.

    http://oahutrading.blogspot.com/2011/09/xray-of-market-internals.html

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