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Tuesday, February 23, 2016

Is that it for the rally?


It seems that the rally has run it's race for now at least. SPX daily has found resistance. Mostly I am just looking for a clear direction. There was a small move out of safety assets but the risk appetite seems to be very weak. See how it goes over the next few days.

SPX daily
SPX daily

$VIX hourly has crossed up

 

$JNK above 15 day MA but looking for cross back down


Oil daily rejected off the kumo top resistance.


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