Okay folks, we all know that we are kind of stuck in a limbo with the bulls and the bears battling out as we speak. Nobody in the world has a clue what the market is going to do. We do know that the government is pumping money into this baby though and they are doing that to get things rolling. We do know that the money is starting to get its way into the system that's why commodities are rallying. We do know that we are overbought still and some are expecting a pullback. Is the market going to give it to us? who knows it can be anybody's guess. So how are we going to figure out what way the market wants to go before the masses. Well we are going to be looking at these two charts right here ladies and gents! Play close attention so you will be their to pounce on the move when all signs line up.
We are going to use a UUP 15 min chart to look for a possible reversal in the market that everyone is waiting for. Market likes weaker dollar and hates stronger dollar. Watch for breakout of wedge or a failed breakout.
UUP 15 min
Vix 60 min( Pay attention because we broke trendline we gave it the kiss of death on the behind side, now lets see if we fall or if it breaks higher for more)IF YOU HAVE STOCKCHARTS RUN THE SAME CHART ON YOUR SIDE IF YOU WANT TO BE AHEAD OF THE GAME FOR THE MOVE
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