Looking for a bounce
Updated
In the short term, looking for a bounce off the red support line. It has a good history of support.
Still looking at 07 SEPT as a possible change in a major direction. Why? No other reason than two support lines converging. Also, coming off a three-day weekend. Could be completely wrong.
Also, I'm watching the VIX. Looking for the VIX to stay in the $20 range as SPX rebounds.
Still looking at 07 SEPT as a possible change in a major direction. Why? No other reason than two support lines converging. Also, coming off a three-day weekend. Could be completely wrong.
Also, I'm watching the VIX. Looking for the VIX to stay in the $20 range as SPX rebounds.
Note
Nice rebound. Need to see a good follow-throughNote
So far the bulls are looking good. It would be good to see some consolidation here or even a slight pullback. Slow and steady grind up.Note
Got the pull back. Little concerning that the trading day ended on the the bear side. Too early to call for the bears.
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