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Tuesday, 22 November 2011

VIX and S&P oversold levels

VIX midterm Futures still forming the rising wedge. I'd still bet on a break out this week. McClellan Oscillator indicates an oversold market. However, other indicator still have some space to the downside. I hope we will see very oversold levels by the end of the week without going much lower in the S&P. I hope the 50% retracement will be a good support!!! Good luck!!


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