Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, October 30, 2014

Closing Charts

As we head into the closing, the VXX 5/50 EMA juncture (shown in top chart cluster at bottom right) which showed a down cross earlier in the day is now too close to call for the closing print.  If the market is positive tomorrow morning there should be no problem for the VXX to continue its down cross.  However, if the market is negative tomorrow morning, because these are EMA lines a large enough down morning could easily pull the tip of the red 5 line back up to a bounce position on the turquoise 50 line and bring in sellers.

Stock Technical Analysis

click on image to enlarge

Trade well my friends


Blog Archive