10 June 2011

SP 500 and NDX Futures Daily Charts - Keep an Eye on the VIX



More US economic data will be coming out next week, and it *might* help the bulls gather themselves together. But if the data comes in decidedly worse the downtrend might break support and gain momentum.

The stock market has just about reached the lower bound of a 'correction.'

Keep an eye on the VIX, especially in relation to its 200 DMA. This may suggest what the pros are thinking.