Trader Update -data point 13 December 2011-
...the SPX 500 extended its corrective shake-out to an intraday Low *1227.25 just a notch above the 21-dsma current *1227.18 and closed *1236.47 just above the 3 August 2011 Low *1234.56 - potential to extend lower to challenge the 50-dsma current *1221.95 - potential to extend lower to challenge the 5 August 2011 High *1218.11
...the VIX closed lower *25.69 setting a positive divergence with a 200-dsma challenge current *25.57- pull backs to Closes above the 50-dsma provide favorable buying opportunities
...the USD-index remains a Red Flag to the market as well as continuous weakness in the Chinese market
Kind Regards
No comments:
Post a Comment