Tuesday, July 6, 2010

VIX - Weekly Market Thought 05072010

Consolidation last weeks as we predict.

Testing ema200 was a matter of time.
Important reaction after one close below Ema200.
For now the same pattern 2007 and 2008.
The pattern tell us two consecutive close below ema200 change trend.
Short-term and below 37 expect more consolidation new test ema200 around 26 natural target.
Close weekly above 37 expect test 42 possible extension to 48.
Check more updates about indexes here.
Click to zoom in. Good luck folks.

VIX _ weekly Chart


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