Members click here for full article.
(It is currently free to join our membership.)
Here is an excerpt from our trading plan.
If you are a new reader who just joined, please read the weekend analysis for more background information before reading this post.
This is the start of Dip6 but...
Yesterday Tuesday we wrote: “We are likely to see $SPX $NDX $RUT bounce around in the price zones below while $VIX $VXN continue to climb up. Keep in mind though that the climbing will not be a straight line. And the price bouncing around will be just that - bouncing around.”
So first off, $VIX $VXN definitely did climb up today, especially at the end of the day. $SPX $NDX $RUT did not do intraday bouncing. They all dropped toward the bottom of the zones we discussed, basically forming a minor dip.
Tomorrow or Friday, the bouncing that we mention will likely start.
The rest of this article covers:
This is the start of Dip6 but... (more)
Support zones for $SPX $NDX $RUT at the end of Dip6
Warning: Dip6 may morph into Major Pullback2
Register here to read the rest of the article. All free.