Market direction thoughts
Well we are getting the impulse 3 up after all. I am flat futures having stopped even on both entries. And at this rate, Vector might close bullish tonight. I would welcome that turn of events. I’m actually seeing long-term TA potential for strong rally to Dow 11500, SPX to 1350, Naz to 1800 and $RUT to 797.00. Remember; VIX closed weekly over 18.00 2 weeks ago. That’s the 2nd time in 2 months. And at the same time we have that solid reaction to the 10700 area, test of price support and vol by price support. I think we’re going up for the next 3 months. Shorts beware!