Thursday, August 29, 2013

VXX & FSLR charts

Here's the VXX or UVXY, the important chart is the very negative 5 min VIX futures, it was just waiting for the 1 min to go negative, the market moves in the opposite direction of VIX futures.
 VXX and UVXY which have been hanging right at price the last 3 days or more are finally making a substantial move leading negative lower.

Also the VIX 1 min futures are finally doing the same, the 5 min chart is destroyed already, it's just waiting for the primer which I believe is right above.

FSLR intraday with the market pullback and transitioning in to accumulation of that pullback, this is what I was hoping to see happen today.

As I said, the 2 min chart never went negative and is in line or better.

 The 5 min chart is leading positive here, no negative activity at all today

Ultimately the 30 min for a bounce, accumulation started around 8/16 just like everything else in the market.

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