Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Tuesday, September 30, 2014

VIX Pulling Back

Stock Market Technical Analysis

click on image to enlarge

Taking a look at the VIX this morning in which its changes will determine which way the big picture charts I focused on yesterday will break.  Looking at the short term channels in the top chart, the VIX is starting to cool down this morning.  More importantly is the lower chart above, the daily chart of the VIX where the historical stock market sell area shown with the red line and the historical stock market buy area shown with the green line.  Notice we touched the green line yesterday and so far we are pulling back down from it which is quite bullish.

Trade well my friends


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