BullBear Trading: Stock and Financial Market Technical Analysis

Another warning, from the Russell 2000

To the two nodes overlapping on the $NDX at the end of December, we now add another 1.00 exponential node on the Russell 2000. So we now have a cluster of nodes on two indexes over a fairly tight time frame relative to the long time periods that spawned them. This is again suggesting trend change is in the cards in the not to distant future.


Views: 29

Comment

You need to be a member of BullBear Trading: Stock and Financial Market Technical Analysis to add comments!

Join BullBear Trading: Stock and Financial Market Technical Analysis

Comment by Mark Lytle on January 11, 2010 at 1:41pm
Ooops, a senior moment, that chart was the VXN rather than the VIX, but both have done this today....same story...
Comment by Mark Lytle on January 11, 2010 at 1:39pm
Another clue...

You see the that the VIX has popped below it's Bollinger Bands. Exhaustion gap for the VIX?

Comment by Steven Vincent on January 11, 2010 at 1:06pm
The RUT:Dow ratio has recovered but may be rolling over now:


IWM has broken its bear market downtrend but may retest that with a break out of an intermediate term rising wedge pattern.

Join BullBear Traders

 
Free 30 Day Trial
No Credit Card Required
SUBSCRIBE Here
  

Pay with Cryptocurrency and SAVE!

6 Months BullBear Trading

for $100

(regularly $120.00)

 

Social Links

Friend Me

on Facebook

 

Join
BullBear Trading
Facebook Group

 

Steven Vincent's market analysis is published on:

Steven Vincent's opinion is polled every week for the Birinyi Associates
TickerSense Blogger Sentiment Poll

© 2024   Created by Steven Vincent.   Powered by

Badges  |  Report an Issue  |  Terms of Service

Sign in to chat!