If you look at my last post I said a big move was coming either way and here we are, at that trend where we bounced at 24.
3 straight times vix got rejected at 200sma. Now we are trading between 200sma and trendline support. One will give way next week. IF we break above 200sma chances are the SPY is testing 360 and lower.
If we break below trendline there is a gap at 20 that will probably get closed.
3 straight times vix got rejected at 200sma. Now we are trading between 200sma and trendline support. One will give way next week. IF we break above 200sma chances are the SPY is testing 360 and lower.
If we break below trendline there is a gap at 20 that will probably get closed.
