Thursday, April 29, 2010

VIX market buy confirmed signal today!

The VIX closed below yesterday confirming the 3 part market buy signal. Key will be if it takes out the previous highs of SnP 1219.80. today closed at 1206.78. I still think it will go to 1225 and that will be where all the bearish divergences start to appear followed by a nice sell off to the 1150 area at least.

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