Replies to post #3739 on Abet Chichi2 (Chichi2)

[chichi2]

Chi2: HOW R we doing?

by Cherney's criteria? we can check this post at anytime during the day to see.

Near the close of trading on Wednesday, the VXO's (market volatility index) 10-day exponential moving average was near 17.77. Equity markets tend to rise when the VXO is beneath its 10-day exponential moving average and moving lower.




There is still a positive tone in place for prices. It is not very strong, but it still has to be characterized as positive. I would become concerned about immediate downside if the VXO moved above its 10-day exponential or if the Nasdaq started printing under 1,945, for the S&P 500 a similar price of downside concern would be a move under 1,044.