In December we had some consolidation, then a subtle transition from resistance to support. The SPX is trading right near this same level now.
Stabilization of the market is good. It may very well be the case that investors are being cautious, wherein the index isn't rebounding quickly. I like that the FastK on the Stochastic has slightly risen higher than its last high and the NT line is above 80. Nevertheless, it looks like it's approaching some potential resistance.
1 comment:
VIX is finally under 20. It seems the market has calm down a bit... SPX is almost at 2700. As you said we are reaching a registant area. Hope it will foam a support, and heading up. Thank you for the posting... will watch it.
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