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Tuesday, June 19, 2012

VIX sell signal confirmation tomorrow?

Well, we closed inside VIX BB after yesterday's outside, so we'll see if Fed will pony up on this rumor rally. We bounced off 62fib at 1363 SPX.  If the Fed confirms, we rally higher into 7/2.  If not,we retrace and test the lows into 7/2.  56th trading day cycle is this Thursday, not Wednesday, from the high on 4/2.

SPX Trend Average is 1329.3 and IWM is 76.57.  Happy Trading!

 
 





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