Stock Market Technical Analysis Blog
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In the premarket the SPY cratered but then in the last 30min. before the regular session open they drove it hard all the way back up to a flat open. Throughout the day the indexes climbed steadily off an opening pushdown from the underside of the Day 15 EMA line on the VIX and also the same Day 15 EMA pushdown on the TLT. At 2pm CST the VIX slipped down out of its 11-week horizontal black line channel for a fierce 20-minute rally (as shown in the bottom chart of chart set 5) but the VIX quickly reversed and popped back up into the horiztonal black line channel as the QQQ (in the top chart of set 5) maxed out against the upper line of its inclined blue line channel.
Tomorrow's trading will be totally dynamic, we will just see how it works out because after the bell AAPL shares dropped 7% after their earnings release, not a good sign for tomorrow's open.
Tomorrow's trading will be totally dynamic, we will just see how it works out because after the bell AAPL shares dropped 7% after their earnings release, not a good sign for tomorrow's open.
Alan
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