SPX (S & P 500, http://bit.ly/i0nsT) Will Probably Try to Fill Today's Upside Gap/Magnet at 1157.43 on Monday, see http://finance.yahoo.com/q/ta?s=^spx&t=5d&l=off&z=l&q=c&p=v&a=fs,w14&c=. Also, keep in mind SPX's downside gap/magnet at 1110.88.
VIX rose what's normally, except in this extreme volatility environment, an unusually large bearish +8.32% rise in fear today 5-14-10. However, in this extreme volatility/VIX volatility environment (VIX has been unusually volatile also) it's probably a bullish very sharp rise in fear, that points to likely early strength on Monday.
I'll be looking to enter a modest-sized 3X Short Finance ETF (FAZ) trade on Monday, and, I'll also be looking to day trade the Long Bond ETF TLT for an upside gap fill at 95.58.
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