VIX remains at lows. Potential still for lower levels - watch support. W%R is at lower extremes indicating negative pressure and more down potential.
Also potential for an extreme spike, technically $76.00 is possible - however there are a few other resistances to watch out for if the market starts to lift. W%R needs ot move back over -80 for a change in trend, offers warning and a technical trigger consideration.
Last months potential ellipse pattern may not be... however there is also another that could.. both has offered support on the way down, watching to see if either are respected if the market lifts. W%R looks to be lifting, potentially signalling the start of a new wave. Watch current supports and ma's for clues on the next move (when they are broken).
