A semi-important pattern occurred on Friday, June 6th, 2014. The SPX closed above
it’s upper daily Bollinger Band - while the VIX (volatility index) closed below the
same. The opposite of this pattern has nearly always marked countertrend bottoms
throughout this bull market run, and are noted below - as well as Friday’s sell signal.
With that, though the longer-term bull market should remain intact, the market is
subject to a decline all the way back to the lower daily Bollinger Band on the SPX,
currently at the 1859 figure (but moving).
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