Thursday, 8 November 2012

SPX:VIX broke below a rising trend line but never made a lower low today, even as the S&P made lower lows. This, for now, is suspicious, but if tomorrow it firmly breaks the prior renko level then this downtrend will get continuation lower. I still suspect with the new moon coming on the 13th that the market might find some legs between now and Monday, but should drop into the full moon around the 25th of the month where it might find a bottom or the bottom of this move.

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