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Nasadq has dropped 110 points and $SPX has dropped 55 pts. Has the correction completed yet? No! Actually, downtrend just started.
Looking at daily $VIX charts, $VIX broke above the descending triangle. And its ADX is showing $VIX is in a strong uptrend. This is very bearish to the stock market in the mid term.
The question is how far this downtrend could go. The downside target for Nasadq could be 1750 - 1820, for $SPX could be 875 - 920.
For more charts related to this topic, you can visit http://stocktrendtradingsystems.blogspot.com/ |
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狗仔卡
发表于 2009-10-4 11:31 AM
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