We reached the 406 price target with a new target now 410.
Expect a reversal at that point and take some profits...
Shorts would probably pay as the VIX closes the gap.
Expect a reversal at that point and take some profits...
Shorts would probably pay as the VIX closes the gap.
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Plus RSI bearish divergence....
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Target reached.
This somewhat parabolic moved deserves a cool-off before the next leg up.
Notice that the SPY is at the channel's edge and the QQQ is at a double top. Both reached there the same day.
This somewhat parabolic moved deserves a cool-off before the next leg up.
Notice that the SPY is at the channel's edge and the QQQ is at a double top. Both reached there the same day.