XJO 0.18% 8,300.2 s&p/asx 200

Last night the VIX actually closed negatively just outside the...

  1. 1,612 Posts.
    Last night the VIX actually closed negatively just outside the bollinger band. The last time it closed outside the BB it was in fact a positive close and that was on Jan 11 and then followed from high to low a 568 point drop down to 6th Feb.

    I see the wave 5 up as finished and time and price are squared on the 60 day cycle (I think- I'm not all that good at that Gann stuff. Tomorrow is a New Moon and 9Lives has a cycle turn.

    Exhaustion moves in a bull run though don't usually just turn down without a distribution pattern first. Maybe we have been that pattern since 6th April?

    I'm looking at the chart for the SPI.

    Just throwing my two bobs worth into the mix though I did comment some days ago that I had sold out of most of my equities as I am not confident of further upside just at the moment and will wait till the market takes a much needed breather.



    Would anyone else like to contribute to the mix.
 
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