Bulls will continue the stock market rally if NYA moves above 12668 (now at 12577). VIX below 15.83 will launch the stock market into the stratosphere.
Bears need the NYA and VIX to remain in the bear camp and at the same time need stronger banks. Bears need XLF below 26.84 (now at 27.14) and a visible leg lower in the stock market will occur. There are a lot of moving parts right now with many parameters in play. The bulls are on easy street cruising down the road with their feet up on the dashboard. Markets remain erratic and unstable.
12/7/18;
10:00 AM EST =
12/7/18;
9:00 AM EST =
12/3/18; 9:36 AM EST = +58;
signal line is -11
12/2/18;
7:00 PM EST EOM = +10; signal line is -15
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.