TRADING DP

[TREND1]

2/27 Ultra-Short-Term Indicators: These indicators aren't giving us much information. I do find it interesting that the VIX has been congregating below its average, suggesting a bearish undercurrent. Being a sentiment indicator, if traders are nervous or bearish that indicates very short-term bullish environment.

Conclusion: The bullish winds are blustering and helping to hold up price. It let up last week, but today price broke out and set new short-term support (visible on 10-min. bar chart). The steep rising trend has been broken. This makes sense given the declining short-term indicators. With intermediate-term indicators still rising, I'd look for more sideways movement to establish a new rising trend channel and clear short-term overbought conditions.