AI
Saturday, January 08, 2022 8:11:33 AM
I honestly am on the fence right now. Looking at the 4 hour chart of the SPX I can easily make a case that this is a normal pullback back into the 50 EMA and a good place to buy the dip.
And EVERYTHING was red on Friday even the VIX was down 4.3% What's up with that?
Not to mention that we are still inside the long channel.
I posted this chart earlier. But I agree once we start to break the channel we are in for a bumpy ride.
I thought that the market was going to stretch this out until mid Feb with its uphill grind, but things are definitely on the edge of falling off the cliff.
And EVERYTHING was red on Friday even the VIX was down 4.3% What's up with that?
Not to mention that we are still inside the long channel.
I posted this chart earlier. But I agree once we start to break the channel we are in for a bumpy ride.
I thought that the market was going to stretch this out until mid Feb with its uphill grind, but things are definitely on the edge of falling off the cliff.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
