Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, October 9, 2014

Mid-morning Update - VXX Pivot Battle Continues

Stock Market Technical Analysis

click on image to enlarge

The whipsaw battle at the merge of the VXX EMAs and S&P EMAs continues.  Looking at the two small focus charts at the right side of the lower cluster above, we see we are now back to a neutral stance with no bias.  Both the bulls and bears refuse to give up this pivot.  Looks like it could take another day or two to resolve this and get a market direction.

Trade well my friends


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