Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, September 10, 2014

The Easy Bounce

Stock Market Technical Analysis Blog

click on image to enlarge

In the market today Team Yellen did indeed take the easy bounce setup to give the markets a decent day up today.  We decided to not go long yet because of the charts above.  We are looking for the S&P to start reentering the blue channel and the VIX to drop out of its blue channel.  At the bell they both closed exactly at the pivot lines.

Trade well my friends


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