Tuesday, July 30, 2013

Stock Market SPX Retraces 50%

By: Anthony_Cherniawski

SPX completed its first impulse on the minute scale at the ope this morning. The rest of the day has been spent on an irregular correction that now appears over at almost precisely the 50% retracement level.

We should see the SPX and other equities markets resume their impulsive decline now.

VIX did not retrace nearly as much as SPX on a percentage basis. It remains clearly above the Ending Diagonal wedge and appears ready to move higher.

See the original article >>

No comments:

Post a Comment

Follow Us