Also good to watch is the VIX as strikes on VIX calls have increased. So traders are lining up positions for more equity sell off's on US indices. (VIX index below running daily)
Tuesday, June 23, 2009
Getting ready for more selling. Dow and VIX show market 'sell' anticptaion.
Some nice big sell off's have occurred on the Dow of the last few days, as mentioned in Market correction could be on it's way - June 2009 (regarding a potential major correction looming) supports on the 50 day average (8373) have now been broken, now it's down to the 100 day average support set at 7976. Thin volume with both indicators OBV and MFI showing funds flowing out of the Dow.
Also good to watch is the VIX as strikes on VIX calls have increased. So traders are lining up positions for more equity sell off's on US indices. (VIX index below running daily)
Also good to watch is the VIX as strikes on VIX calls have increased. So traders are lining up positions for more equity sell off's on US indices. (VIX index below running daily)
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