Planning your trades
The long term outlook for stocks is still cautiously bullish. This means long-term investment portfolios can stay in stocks for now. We will elaborate on “why bullish” question in our weekend analysis.
For the intermediate term and short term, we need to monitor $VIX and $VXN closely. These 2 indicators are the most sensitive to the true underlying market moods. All other market internal indicators serve to confirm and provide context. But $VIX and $VXN are the leading ones.
Between yesterday and today, $VIX and $VXN have formed the kind of pattern that says they are right on the verge of a significant message...
The rest of this article covers:
Table of support and resistance levels
Planning your trades (more)
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