Thursday, August 6, 2015

Aug 6 - Sell signal confirming in equities

So far the equities sell signal is confirming nicely but we still need to see end of the day follow through.  VIX is also bouncing as expected.

Looking for a downward break from this zone for more confirmation of this sell signal.  This lower support is key for it to break and close below it today.

DIA has shown much more weakness which may provide clues for SPY to follow.

We didn't gap down as typically do with the reversal signals in VIX but so far selling off.  Often when the SPY sell signals are produced they don't click as well as the top of the range as indicated in the yellow boxes towards the top BB.




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