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).

 

Home Page