The DJI is down today, as was the VIX until just a few minutes ago, which tells us nothing about short-term direction into the end of the trading week...yet. DJI It will take another 300+ pts down to break below the DJI Key Level of 33,420 to trigger anything new. If it gets that low check the PRO website for any new trades. SPX Any break below 3,890 suggests strongly that a new leg down has begun with a target in the mid-to-low 3,000's. If both the DJI and SPX break their respective Key Levels, expect the stock market to be the lead national news. VIX VIX is still below 20.00. At a minimum it needs to be breaking above 20.00 with some momentum to expect a run to the top of the Jan-Mar projected range. Such a move, especially in conjunction with the break of Key Levels in the DJI and SPX, will set up new trades. Bitcoin - Crashing? Just to make things a little dicier, Bitcoin is down $1,000 in the past few hours. Sure, let's throw this one into the mix. A break below round number support at $20,000 could set off the stock declines (below key levels) set out above.
