TrailingVega

TrailingVega

We have Fed Speech covering QE tapering this Wednesday. We are likely to repeat the sell off that we saw on June 11th. Retesting 1600 once again.

TrailingVega

Will be healthy for S&P to pull back down to 1500-1550 before moving higher.

TrailingVega

Apple has been setting lower highs this whole year and a test of $420 and then $400 seems inevitable.

TrailingVega

The sell off today posted a lower high compared to the prior 50 dma bounce. Continued pressure at the 1600 level will force a break soon.

TrailingVega

Depends on a breakout of 1650 or not.