Monday, September 24, 2012

All Three Prior Day Closing Indications are Bullish For Tuesday But


All Three Prior Day Closing Indications are Bullish For Tuesday But:

VIX +1.22% on Mon 9-24 vs SPX -0.22% = +1.00% Rise in Fear/Rise in Wall of Worry = Bullish indication for early Tuesday.

ISEE All Indices & ETFs Put/Call Ratio was 0.92 at 4:15 PM EST, an Extremely Bullish -0.65… 

The CBOE Index Put/Call Ratio closed at 0.94 on Monday 9-24, a Modestly Bullish Delta of -0.07 from 1.01 on Friday 9-21's close.


However, SPX has a short term downtrend, see http://stockcharts.com/freecharts/gallery.html?s=spx, but, the three Bullish closing indications for Tuesday suggest that it'll probably be a risky/difficult day to trade short. 

The Wall of Worry (and the Bearish looking SPX chart, with some Bearish Volume Spikes recently) points to some likely weakness on Tuesday:

Five day SPX Wall of Worry (SPX vs VIX); a Very Bearish Collapse/Rise in Complacency Occurred, see 

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