The bull can point to a brief spike of the VIX above its upper Bollinger Band on Monday, which is a sign of an oversold market. TRIN also rose to 2 on Monday, which can be an indication of panic selling. Mid-week market update: In my last post (see Trading the pre-Christmas panic), I pointed out that the VIX Index had spiked above its upper Bollinger Band, which is an indication of an oversold market. The S&P 500 closed November above its upper monthly Bollinger Band. The bulls suffered a setback when the S&P 500 violated a minor rising uptrend (dotted line), though secondary uptrend support (solid line) is holding at 3640. Before anyone panics, the uptrends in the S&P 500 and breadth indicators are intact. That is possible, if you are extremely selective in selecting your trades. The VIX Index is elevated, and trades at a premium to EM VIX.
As well, the VIX Index is normalizing relative to EM VIX since the election. Market nervousness is rising, and traders will have to contend with a heightened risk environment until the November 3 election. unique boutique can be purchased and sold by a platform known as the stock exchange and these transactions are heavily secured by govt to avoid the risk of fraud and misuse and protect the capital which is invested. Your earnings will be decreased extremely rapidly in case you are just plunging out and in with very small investments. Even more constructive for the bull case was how stock prices reacted to bad news. The bull case is based mainly on broad based fundamental momentum, such as continued improvements in ISM. Three weeks ago, I rhetorically asked if the market would surge higher during a seasonally favorable time of year (see Time for another year-end FOMO stampede?). Two weeks ago, I turned decisively;u bullish on the market (see Everything you need to know about the Great Rotation but were afraid to ask).