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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Davy Crockett who wrote (16927)4/13/2015 6:53:17 PM
From: The Ox1 Recommendation

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Davy Crockett

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Way too early to tell if this was just a dead cat bounce or the beginning of a trend change.

The very short term indicators were clearly saying (to me) it was time for VXX to bounce and not at all surprising that the market decided it wasn't ready to approach a test of the highs today.

First phase would be for SPY to break below the 206.9 area before I would get much more bearish. The most obvious issue would be a break below 203.8. We could cascade down quickly if a test there failed to hold....at least that's the way I see it at the moment.
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