Courtesy of Fallond Stock Picks
Other than a crazy price spike in the S&P it was a day of minor gains for large caps and small losses for Tech. Given the price error in the S&P, looking at the Dow it appears ready to melt higher (again) – as may the S&P.
The semiconductor index issued a turned MACD trigger ‘sell’ following from an earlier CCI ‘sell’.
The VIX pushes deeper into the teens and is looking overstretched to the downside – beware the snap.
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