06/12 Week, page-225

I don't know how Australian markets are going to handle this (great for my long positions though)

2 weeks of selling for a 2 day recovery isn't actually good for bulls unless US markets make ridiculous new highs from this run
XJO needs to get over 7460 this week (top of bear chart by the 10th Dec)
Otherwise we repeat the same drops again in January

The US vix played out perfectly for bulls
Still has room to go higher
I have to switch to futures today & then wait for the actual vix to trade later tonight

But this is the xjo we are talking about here
We can assume 7400 won't break today until UK/US push higher tonight
Although 7400 is the middle of nowhere
I had 7380 & 7430 as potential targets today (before last night's shenanigans)

Otherwise it's a sell again (intraday) as the xjo seems to do most of the time

I still feel the damage has been done on the xjo
Could take much longer to recover from