sp'daily5
VIX, daily
Summary
Just look at the technicals on the daily indexes.
At the current rate, we'll see the MACD (blue bar histogram) go negative cycle this Thursday/Friday, and we should also see a bearish MACD cross (black line under red).
I'm going to stick my neck out and suggest we will be trading in the sp'1390s by the end of this week.
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Mr $ is a little weak. with VIX slightly higher.
*my key moody/doomer stocks.. BTU, ANR, HPQ, all seeing weakness of 1-2%.
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UPDATE 11.13 am Weakness still out there....
Seeking a break of the big sp'1400 level this Thursday/Friday.
HPQ...due to bearish later this week
target remains the big 10$