Note the chart below shows a consolidation pattern and a close above it. The key now is to get a close above the 20ma on the intra day. Should that happen, more upside is likely. The first step is in, let’s see if it can complete the move with the second step. Should this happen, markets may close flat to positive. However, if the markets fail on this move and close back below the up sloping trend line, the markets will head for the lows of the day. Truly an amazing wild day in the markets. Also note that the VIX was never confirming the move down today.
Gareth Soloway
InTheMoneyStocks.com
[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=93b75037bc97fde80e59cd8d3d556d8b24403ed6a9851629c9201dfca4af9efc30ea6b76506aae614cd45c026e5f49af2de98f4c986ebbc2c82d6bc8543d66d9fb64f7894ae98ef582450b6597e205abfe619b5a4aa62f65016c9003176f4a7de1f22eb8b4877ad338cd7d4b0dde25b8b212d1bf2e0d64d30d83db57540202078ae8eeaa67fe978344ca0fee8b432b83ce680c59e903751987a071ae00143f511d0dd01d2dd09c9ba990f2dd15b8fbee54447678fb1a57e143ec9f109d27ea569f4a078920e7b7fa8ab1d92ef25d4631e78391397d05cbfb773a7014d090ad2aa941b8f4f5a587d8598411911b39cef9a997fc1cfadf6c57219542b6441b189c1e0412638f132ca78faa576d90f5731791458bc4094ce3fdafcc4bfcc9dbd898f0b69f839d28efde2106670710d39869fd32cb778370fbf5c743089eb798908dc1bc45beb5d0bb4828d7cee5ea445ee9e627e2e04a049906ca242fe6e2e678045fe8c56b95caf051431dafae1366e503efb83426cb3972b919281fa046e770e642c57b398a73da1f6cd3264abd3f1be1c3d3062245ce9bccd33d5bd46b99d2e368b76c568052f690df8209e3c3073030ff55b82dba7842f8a724404b4939fb1012637dde68969cc422f2750997b9e8a33a6351323d39c378675a8e8761796b2005f61e3854b220e05f35b8bbe9e38d77db63d0150926fb693bf846693bf9bd[[T_F]]
InTheMoneyStocks.com is a research and consulting company focused on guiding investors, swing traders and day traders to financial success. Their Chief Market Strategists analyze the markets while making calls on everything from stocks to commodities and currencies. Their goal is to not only guide their subscribers but also teach them their proprietary methods leading them to become investing and trading masters.
Nicholas Santiago
