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 our upside target last week.We should get that changing of the guards we’ve been discussing for the past few days — either today or tomorrow.  Keep an eye on USDJPY and CL/RBOB.  The algos sure will be.

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password