The overall target, again is 1120. The problem is that with the vix at 18 the market can only move about 18 points on the spx without being Tragically oversold.
The second problem is that we have the manic Monday or Mutual Fund monday MEME (or Tuesday in this case)
6 comments:
Market is closed Monday. MLK Day. But, ya, the Vix thesis holds.
Market is closed Monday. MLK Day. But, ya, the Vix thesis holds.
I corrected it, but mutual funds would still buy first day of the week.
Bulls will say we just completed an A-B-C correction.
wave b is developing. sometime between now and the end of the tuesday session.
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