robo
Well-known member
SPX daily ( During the trading day): The Bear Market pattern is getting closer to completing..... We shall see how it plays out in the days ahead. It still looks like the SPX could move up and tag the 200 dma as the chasers will be coming back in. Waiting on the VIX as it gets closer to the 20ish marker and filling the gap. There is always a chance it will be a higher low, but I still think the VIX will test the 40ish area in the months ahead.
Bottom Line for me: In my opinion this is just another Bear Market rally that will fail in the months ahead. However, there has been SOME REALLY GOOD TRADING the last several months.
Bottom Line for me: In my opinion this is just another Bear Market rally that will fail in the months ahead. However, there has been SOME REALLY GOOD TRADING the last several months.