TRADING 04 FUTURES

[TREND1]

WED ....Ultra-Short-Term Indicators: Negative climactic readings appeared today. The market has been in a steady decline for seven days which makes me conclude that this is a selling exhaustion. The VIX has poked well beneath its lower Bollinger Band and typically what follows is a short-term bounce at a minimum. The only time I noted this not to be true was the selling initiation back in January. Remember the timeframe for this chart is hours to days, meaning any rally these climactic readings call for would not necessarily last long.