XJO 0.83% 8,199.5 s&p/asx 200

The Good Old Days - Monday, page-49

  1. 9,478 Posts.
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    The current state of the SPX:

    Screen Shot 2016-01-05 at 2.30.35 AM.png

    At horizontal support and a bit above oblique support.

    Nasdaq UpVol/DnVol is 10%. NYSE UpVol/DnVol is 14%.

    An UpVol/DnVol reading around 10% is usually good enough for a pause or a bounce the next day. It could be a dead cat bounce.

    The market still has over four hours till the close so anything could happen.

    RB
 
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