J.R.'s Weekly Wrap....push me pull me......

Let's start off with the VIX this week, we see nothing out of the ordinary or extraordinary with the Fear Meister. He went as low as 23.4 and closed about two points up from there. No fear here just a tad bit apprehensive. The monthly even though a might bloody red still shows a higher high and a higher low.  We see the complete opposite on the weekly but seems it may find support at or about the 1055-1056 area which can be seen on the daily with the three highlighted ovals.  With expiration week behind us now and the few bad reports from the economic news we might see a strong bounce especially if it kisses the support line but don't hold your breath too long.  For every pull there is a push and every push there is a pull and so on and so on. Just look at the channel we have been in since May, play it for what it is, a channel.  Until that channel is violated to the upside or down side use your strategies that best take advantage of the patterns before you. As always trade to trade well...... J.R.
push here to pull me