![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrsh_PKcvf7gOWBmbOkuDd_0OAJa9x-mVbo_K3aZRFBTwTXxVuN7Ep03-JRam19MwUhxIB4JXS7D4aR-he2RzHUlT2QZnd1DYDGBU5Wu4iwAt2GLwLVLQweLRxAtiPeenfmTid-lbMMhPq/s800/2009-11-9+png1.png)
Results have been inconsistent but risk/reward has generally favored more upside over the coming weeks. This would seem to make sense since what you’re typically looking at in the SPX with the above setup is a strong rebound from a sharp decline during a long-term uptrend.
I am seeing some signs the market is nearing a pullback. The VIX action is not one of those signs.
2 comments:
Hi Rob,
What happens to the probabilities when this occurs the day after NFP day ?
Sounds like a proxy for explosive short-term momentum?
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