The SPY closed with a Doji yesterday above the T-Line and the T-Line Bands in a bullish trend. Yesterday produced a pretty good battler between the buyers and sellers. The DIA’s made it down to the lower band support line and close up near the mid support band line. The VIX-X chart also played in yesterdays fun popping up to $13.29 before closing at $13.25. The VIX-X closed over the T-Bands with higher lows and a little bottom construction. I doubt the VIX-X is finished with it’s fun in the playground. There is a bit of fear starting to brew, and the VIX-X chart is a great place to watch it unfold. Note that if the Fear rises the SPY may fall below the T-Line and test the lower T-Band. Buckle up; it’s Friday.
DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it. Past performance does not guarantee future results. Terms of Service