Volt & J, I have been looking at the VIX (25.7) and it seems a little strange that the VIX has leveled off. It's closer to it's bottom trend line than the top and would indicate 23 being hit before moving higher.
This would signify a TOP rather than a bottom and your turn dates would come into play around this event. Also, 4 down days would indicate a short term bounce in the market before the next move.
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |