Monday, December 17, 2012

Charts 12-17: Anyone else see the triangle?

This is looking more and more like a "B"-wave triangle.  We would need one more bump down for "e" of B.  But we may not get it.

/ES is up 4.5 pts as I post this, so we may just gap up in the morning and keep going.  I hope we can pull back one more time to the mid-1420s, so I can get a better entry on this.

EOY call for UVXY ... $12?  We will see.


SPX 12-17
VIX 1Y

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