Charts I’m Watching: Nov 21, 2017

We had yet another head fake last night, as SPX closed below the latest rising trend line, the channel top and the SMA10.  Traditionally, these are all short-term negative indicators from a technical standpoint.But, of course, short-term indicators can’t compare with the impact of a paradigmatic VIX beat down.  It’s now off 30% since tagging … continue reading →