A very strong day for the bulls. They got the follow-through they desperately needed. Although its improtant to note we are still yet to break out of the danger zone. Only a few closes above 1405/10 can the bulls start to feel confident again.
Sp'60min
VIX'60min
Summary
VIX closed very poorly for the bears, arguably the last line is 16.75 tomorrow/Friday.
SP' closed at what many would call overbought..but we can still get one or two more up days before we need to level out for a few days.
*GOOG earnings were slightly better than expected, they are also doing a 2 for 1 stock split.
Much more later...especially on the Metals, and the bigger cycles on the indexes.
Sp'60min
VIX'60min
Summary
VIX closed very poorly for the bears, arguably the last line is 16.75 tomorrow/Friday.
SP' closed at what many would call overbought..but we can still get one or two more up days before we need to level out for a few days.
*GOOG earnings were slightly better than expected, they are also doing a 2 for 1 stock split.
Much more later...especially on the Metals, and the bigger cycles on the indexes.
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