Tuesday, August 24, 2010

No selling volume exhaustion

Today is the 4th selling day in a row. It's a clear bearish trend change signal.
If we take the week-end plan, our bearish scenario in play.

Let's see how predictions manifest.
60-min


1-day

Russel 3000: Weakening bearish daily oscillator. 2 and 3 day aggregated volumes suggest further drop.
SPX500: Weakening bearish daily indicators. 2 and 3 day aggregated volumes suggest further drop.
Gap has been left can be a target to a temporary bullish fake breakout.

Gold: Rising selling volumes suggest further drop.


Market status: NOT SAFE, CRITICAL.

Further note:
High volatility. VIX broke an important resistance.


Retails are not recommended to trade above VIX 30.

Many thanks for visiting my blog again.

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