Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Tuesday, September 30, 2014

Mid-afternoon Update

Stock Market Technical Analysis

click on image to enlarge

The VIX turned back upward at midday today going back up to the 16.40 level where there is a cap beginning (shown with the thick horizontal red line).  Such a quick reversal makes it more likely that we may be in for a multi-day test of the upper VIX line (shown in the lower daily chart above) as we had in early August.

Trade well my friends


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