Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, October 16, 2014

Mid Morning Chart Update

Stock Market Technical Analysis

click on image to enlarge

The market gapped down once again taking the VXX (bottom chart) back above the 40.25 line. However, they are working quickly to try to get it below the line.  What's helping this morning is that the S&P did not drop into the green long term channel (middle chart) as it did yesterday, giving it extra footing to push upward and if it continues will help get the VXX back down below 40.25.

Trade well my friends


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