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TREND1

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Re: None

Thursday, 02/16/2017 10:53:50 PM

Thursday, February 16, 2017 10:53:50 PM

Post# of 200
2/16 Ultra-Short-Term Indicators: No climactic readings today, but the VIX did penetrate the lower Bollinger Band today. It still closed above, but notice where these breaches usually occur on the price chart. We could see a small advance after all.


Conclusion: A buying exhaustion seems imminent, but it may not materialize in a deep decline. The sudden bullishness of the VIX suggests we could see price rise a bit more. The short-term indicators are so bearish that I would expect a correction, but with intermediate-term indicators so bullish, it shouldn't be too deep.

MAIN BOARD http://investorshub.advfn.com/TRADING-3X-TNA-TQQQ-SPXL-RUS-2000-FUTURES-12981/

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