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Saturday, February 13, 2016

We got the bounce now we look for the reversal


We got the bounce in stocks off the key support exactly as I posted previously. My understanding of market movements has improved dramatically over time. Now I am looking at the resistance. This is a possible rejection point. If we clear that then I am looking at the kumo for resistance.


VIX daily rejected off the resistance as I expected. See if it tests uptrend support now.

 





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