Sunday, May 8, 2011

Margin call TOP

Click image to enlarge.
1362 Spx would also be a normal 2.5% retracement from current low and the above stated fib.
The vix +spx indicator says Monday DOWN ( 70% correct)
The upvolume offered only 5 points, normal a 76% UV day would be 12 to 17 spx points so we ate a lot of upvolume going no where.
This kind of reminds of the 2008 volatility from different lows.