PM update:
ES resistance held and we lose 1467.50 support. Now holding 1458, 20 dma, although we have a gap to close at 1450.25. This is putting SPX right back at its 200 dma. The VIX says lower lows, but AD lines are not that bad, so watch for those squeezes.
The VIX is bouncing off lower bands and looks headed for 27 again (chart).
This entry was posted
on Thursday, August 23, 2007 at 8/23/2007 01:28:00 PM.
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