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Sunday, September 23, 2012

Daily double doji and end of 3rd quarter

Last 2 trading days, SPX showed a double doji. 1450 low and 1467 high.  A close below or above high and low gives us direction for the week.  1452 is the conversion price.  


VIX is showing support, but it still has a little more room down with a major support at 13.30.


McC Oscillator sentiment is approaching oversold condition.  Smart money sentiment is still high.

End of this month is window dressing for the 3rd quarter.  Friday is also 14 days from the high of the year, a gann date. Thursday is 13th day, or a fib date.

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