Charts below provide us with a fairly good summary of where we are today.
- The NYSE (largest index by capitalization) hasn’t gone anywhere in 11 months. – Distribution of consolidation?
- The Dow hasn’t been in such a tight trading range in over 100 years. The Dow hasn’t done this in over 100 years: Technician – Of course, CNBC managed to put a positive spin on it – no surprise there.
- VIX/VXX are either collapsing to new lows or scratching the bottom of their trading ranges.
I have said it before and I will say it again. The market is compressing and getting ready for a massive move. And like a giant spring, it is accumulating energy. The only remaining questions are A. When will this move occur and B. In which direction??? If you would like to find that out, please Click Here
