Stock Market Technical Analysis
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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
Alan
