Market Overview Jan 22

After watch today's market, I had 4 to 5 empty cup, they were full of coffee before hand. This is such a dry day. May as well take the day off. Not a whole lot happend, but there are some important chart to be of interest to me.


Chart attack:

See DIA chart, clearly hinting on a direction soon enough, bear have a chance to go lower, but need to do it soon.

See VIX chart, decision time for VIX, either it cross with the MACD and turn bullish, or another failure. Time will tell soon enough. Getting close.

See SPY chart, not enough juice to go higher, if this continues it will properly fall eventually, since not much volume. Also MACD isnt helping the bull

See IWM chart, just touch upper BB today, this is a warning sign, normally IWM is a lead in trend in the past, time will tell if we go lower soon. MACD saying we can still go a some what higher.

Short term: Getting bearish