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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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Saturday, December 10, 2011

"Mr. VIX"...on the edge...

Below is a Daily Year-to-date chart of the VIX. It has closed below December's TPO Profile POC (red horizontal line)...it is sitting on a 38.2% Fibonacci fan line and its lower Bollinger Band, and is just above its 200 sma (dashed pink), as well as price support of 25.00. A break and hold below 25.00 could be all the ammunition that the bulls need to send the S&P 500 up above near-term resistance...otherwise, we may see more range trading, or even a sizable pullback in the S&P.



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