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Sunday, November 26, 2017 9:28:36 AM
Weekend Analysis by Amateur Investors
By: Amateur Investors | November 25, 2017
The S&P 500 has finally reached the 2600 level which is at the top of its upper Bollinger Band using a Quarterly time period.
Meanwhile the VIX made an all time low this week as it fell to the 8.50 area. The last time it dropped below the 9.0 level a quick spike upward to the top of its downward channel followed (points A to B). This was accompanied by a small pullback in the S&P 500 (points C to D) as it tested its upward trend line using a log scale. If a similar pattern develops the upward trend line is approaching the 2550 area.
http://www.amateur-investors.com/AII_Weekend_AnalysisNov_25_17.htm
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https://investorshub.advfn.com/Market-Direction-and-Trends-26249/
By: Amateur Investors | November 25, 2017
The S&P 500 has finally reached the 2600 level which is at the top of its upper Bollinger Band using a Quarterly time period.
Meanwhile the VIX made an all time low this week as it fell to the 8.50 area. The last time it dropped below the 9.0 level a quick spike upward to the top of its downward channel followed (points A to B). This was accompanied by a small pullback in the S&P 500 (points C to D) as it tested its upward trend line using a log scale. If a similar pattern develops the upward trend line is approaching the 2550 area.
http://www.amateur-investors.com/AII_Weekend_AnalysisNov_25_17.htm
• DiscoverGold
Click on "In reply to", for Authors past commentaries
****************************************
*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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