Nov 20, 2013


DJ two shooting stars in a row MACD divergence, Histogram double divergence and ticked lower(another mMm tower) SP500 reached the trend line and MAE50 on the hourly chart and today should be strong green day or the bulls could be surprised to the downside. Quick check through the blogs and everybody expect one more push higher - that is not good when everybody expect the same, including me:). On the other side today is FOMC which usually mark tops/bottoms - probably push higher before FOMC and drop after that.
So be careful here.... the first leg of the correction could start today. VIX BB extremely close, there will be an explosive move and I do not think, that it will be to the upside for the indexes.

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