Saturday, June 21, 2014
There is still room to the upside as indicated by the big blue rectangle, but I feel the market is more likely to pause next week, and remain within the high and low limits of the cyan rectangle . Basically I'm sticking to Monday's forecast and waiting for confirmation of the giddy end when all the money is in. The big one is close at hand.
The VIX is at ridiculously low levels, but until the Volume Profile support at 1900 & (50DMA) fails, it seems too risky to call for a trend change..
Posted by Robert Campbell at 11:57