So here we go again. Quick pull back and immediate rush buying, trend line saved, buy, buy, buy. Off to new highs or reversal to new lows? The $VIX has a 12 handle again, whatever was scary last week is scary no more. It’s OPEX week and we grind higher into the 50MA as was pre-ordained.
I’m curious what the sentiment is out there on twitter. So I’ve created a little informal poll for two basic scenarios:
Scenario 1: We actually break last week’s low and this market corrects
Scenario 2: Back to new highs and the channel just continues as usual
Would love to hear your thoughts either in the poll below or in the comment section or both:
Categories: Market Analysis