Thursday, March 24, 2011

S&P and VIX

I posted this chart last night and you can see the price action has broken resistance (line in the sand). Now, we have a secondary trend line and when broken usually proves to be very BULLISH. Look how many days it took to rally from the drop (6 DAYS). That's very unusual. Gaps fill 84% of the time and notice the gap on the VIX, has not filled. Hope this helps

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