interesting times

It looks like the recent up move may be over (or nearly over) and we are preparing for a large move as indicated by tightening of the bollinger bands

– double top acheived
– low PTI wave 5 in advanced get – probable double top
– close to end of recent short-term price momentum T structure
– vix at lower bollinger band indicating complacency and cheap put options

Keeping an open mind – wait to see if we get a signal from CCI etc.

Chart of S&P500 for 14 May 2014

 

 

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