Replies to post #71091 on Abet Chichi2 (Chichi2)

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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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