Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, October 30, 2014

Mid Morning Update: VXX 5/50 EMA Battle

Stock Market Technical Analysis

click  on image to enlarge

In the market this morning the fight is already on as to which way the VXX 5/50 EMA juncture will break (bottom right chart of top cluster highlighted in red).  It has already had false breaks in each direction.  This market isn't going anywhere until we see a clear down cross which would produce a market rally or see the red line being forced upward by the turquoise line which would cause a market sell off (red line is 5, turquoise is 50). 

Trade well my friends


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