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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Wednesday, November 9, 2011

Nov 9 pre market members update

at yesterday's market close update:
i see market rally could take a pause around here.

i also mentioned several times since 11:41:PDT (14:41 ET)
11:41 am PDT
market update - $vix
as earlier morning updated, the lower red trend channel line could be the next target for $vix.
i see when $vix gets to around the red line, then could be the next short term upside target for $spx.

11:51 am PDT
market update
at 1273, $spx at the upper ... channel resistance.
i do not see $spx can go much higher from this level for the remaining of the day...

at 1277.5, $spx takes a pause due to the following technicals:
1). ... is a nature resting spot.

2). confluence (pink circle) of the upper green and upper brown pitch forks,
it's close enough for a Short Term upside target.

3). at upper ... channel resistance.

4). $vix is at the lower red trend channel line support.


less charts.