Wednesday, June 22, 2016

SPX: NR7 Inside Day | Bull Pennant Flag | Put / Call Ratio | VIX

June 21 (Tue) formed a narrow range inside bar - usually a trend continuation pattern (HERE).
Carboni sees a Bull Pennant Flag on the daily ES (HERE).

The daily range was the narrowest of the last 8 trading days (HERE), and volume contracted.
Today a breakout of yesterday's range is  likely.
However, Brexit-Thursday (Jun 23) is the next solunar turn-day, and the market may just wait for that.
Room to the top.
: CNN Fear & Greed Index