(4/18/15)
As mentioned on Thursday I was worried about investor
complacency as the VIX had dropped back below the 13 level twice over a period
of a few days. The previous three times this happened (points A) the S&P
500 went through a correction phase (points B to C). Overall
the S&P 500 still looks like it's forming a Triangle pattern with key
support this week around 2060. If the S&P 500 were to break solidly
below the 2060 area then that would nullify the Triangle.
Amateur Investors
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