For you candle chartists....

[TinGull 10]

How you like this chart? Which direction would you think it's headed?

 

[ranj 10]

I need volume, but looks like a solid short

[mister ed 10]

I'm with ranj, like to see volume too - but I would go with the high odds and short - nice close stop too.

[TinGull 10]

Well...no volume there as it's a chart of the VIX.

[mister ed 10]

Ohhhh great, so I'm short vol. now - thanks for that Tin......LOL

[TinGull 10]

HA! I am...Id love to see a decrease in vol right about now.

[james_gsx 16]

Down, it's up against support with longer upper shadows and decreasing bodies. That's a sign that the current move (up) is losing steam.

[TinGull 10]

YUp, just what I think, too. Market's really quiet, too, for SPX being off 13.

[james_gsx 16]

I've noticed that these 150+ YM and 10+ ES swings are no longer a big deal. I remember when the Dow would shoot up 100 points and it would be all over the news. Now if it doesn't have two 100+ swings a week then it's easy to assume all the big dogs are on vacation in the Hamptons :o

[TinGull 10]

HA! Aint that the truth