Approaching the " power line" here
Weekly 200ema at 367
Daily 21ema at around 370
Split channel resistance (Purpleline) Round 369.50
We may test those numbers tomorrow but unless one of the big names beat (NFLX,TSLA) I don't have us breaking over it.
And let me just say this, the media Blaming the rally on "Investor enthusiasm " because of bank earnings is BS.. No sane investor is buying in these markets conditions, with the exception of Ms.woods and other ETFS like here that are MANDATED to buy tech no matter what and even then she's just pumping and dumping.
Vix still looks bullish!!
Good luck !!! If the vix loses 21ema and the spy breaks over 370 and close its all aboard a bear rally
Weekly 200ema at 367
Daily 21ema at around 370
Split channel resistance (Purpleline) Round 369.50
We may test those numbers tomorrow but unless one of the big names beat (NFLX,TSLA) I don't have us breaking over it.
And let me just say this, the media Blaming the rally on "Investor enthusiasm " because of bank earnings is BS.. No sane investor is buying in these markets conditions, with the exception of Ms.woods and other ETFS like here that are MANDATED to buy tech no matter what and even then she's just pumping and dumping.
Vix still looks bullish!!
Good luck !!! If the vix loses 21ema and the spy breaks over 370 and close its all aboard a bear rally
