What a turnaround for ALL the MAJOR averages!
As we've been saying over and over again.......
The END OF DAY IS WHAT MATTERS!!!
*Indices formed an OUTSIDE DAY*
Outside days can signify 2 things:
CONTINUATION
OR
REVERSAL (of the current trend)
Being that the day ended lower, LIGHT VOLUME though, we will take this as a WARNING!!!!!!!
RSI fell pretty hard, #stocks could just experience profit taking for a bit.
__________________________________________
VIX
roaring & seems 2b stronger this time around.
DXY
close to support and seems to be trying to base again.
2 Yr #yield showing positive divergence.
10Yr oversold - don't see anything out the norm in either one of these, yet at least.
As we've been saying over and over again.......
The END OF DAY IS WHAT MATTERS!!!
*Indices formed an OUTSIDE DAY*
Outside days can signify 2 things:
CONTINUATION
OR
REVERSAL (of the current trend)
Being that the day ended lower, LIGHT VOLUME though, we will take this as a WARNING!!!!!!!
RSI fell pretty hard, #stocks could just experience profit taking for a bit.
__________________________________________
VIX
roaring & seems 2b stronger this time around.
DXY
close to support and seems to be trying to base again. 2 Yr #yield showing positive divergence.
10Yr oversold - don't see anything out the norm in either one of these, yet at least.