Hmmm… rally looks tired. We may have already ended here now? Wave count wise we could have started some 1 down, 2 up (ending now?) inside a C down? But this “feels” like it’s going to drop now, and drop hard. Possibly we creep up to that falling trendline of resistance on the SPY chart they had better make a move quickly.
You will be correct. Vix will greatly increase in value Monday Tuesday. Big surprise coming.
Yeah… but which way? I could make a bearish case as easy as a bullish case.
VIX = Bullish falling wedge.
Big moves coming for the market soon.
SPY End Of Friday Update: http://screencast.com/t/f1cnygKARn
SPY Friday Update: http://screencast.com/t/xFfJQtMf
ES Futures Friday Morning Update: http://screencast.com/t/1gQMQ8A4
SPY Late Day Update – Possible BIG Move Down Coming SOON: http://screencast.com/t/zDFmBD3UgFZ
Hmmm… rally looks tired. We may have already ended here now? Wave count wise we could have started some 1 down, 2 up (ending now?) inside a C down? But this “feels” like it’s going to drop now, and drop hard. Possibly we creep up to that falling trendline of resistance on the SPY chart they had better make a move quickly.
SPY End Of Rally Levels: http://screencast.com/t/0qvd1RBtZ
SPY Long Entries: http://screencast.com/t/laLSsLWFmv2s