Thursday, February 9, 2012

Keep an Eye on the Transports & VIX

CBOE VIX
  • Wedge apex near low support level
  • A break to the upside would suggest a decline in the S&P 500

S&P 500
  • RSI divergence
  • ADX secondary signal?
  • Diagonal Support at Vesica Piscis (purple). A close below this support would suggest lower prices.
  • A close below 1306 would confirm intermediate cycle high.

Fibonacci Ratios 
  • this chart was posted in mid-January showing harmonics at the 1351.93~1352.11 level and 1376.55
  • Thursday's close 1351.95

1 comment:

scotty said...

Fibo-Baby !

MAJOR ANNOUNCEMENT + SENSEX + SHANGHAI
http://markethighsandlows.wordpress.com/