Monday, June 20, 2011

June 15-18 Energy Date: A short term low?

S&P 500
The projected June 15-18 Energy Date appears to be a low--above the pivotal March 15th low. (90 degrees apart)
  • RSI in over sold territory
  • Bollinger Band reversal???
  • S&P touched 200 exp. MA

VIX


The VIX approached an upside breakout and then backed off coincident with the projected Energy Date.
  • VIX pivots at the 180 degree point of the last volatility cycle.

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