Looking at the charts, it appears we are very close to a reversal in the market.
First, consider the VIX:
It appears the VIX is in process of making a higher low.
While both MACD and Slow Stoch look like divergences are forming.
Today's candle looks hammerlike.
Higher volatility on its way soon?
Both RSI indicators have diverged from price
MACD shows divergence
Slow Stochastics show divergence forming
Today's price action popped the BB for the second day
And today's candlestick looks like a reversal pattern.
Let's see what happens over the next few days.
Comments
Post a Comment