Current Vs Trying to see into next year... I can imagine this bailout package "when passed" will probably make an upside attempt to breakout of the weekly SPX wedge. This should be a good shorting opportunity as the VIX is relieved some. #msg-32261674 We might have to wait until the deal gets fine tuned. Anticipation of this event grows. Meanwhile... both short and long HUGE move wishful thinking trades could be thwarted by the fits and starts of (deal no deal) and (fine tuned).
Bush speaks about the bailout plan before the open this time. Deja vu?
(VTrd) "Light Blue" = (Volatility trend) also lower Bbands in this chart
Ignore the ma's they are for a daily chart setting