Expect more participation and an much easier environment for intraday trading beginning this week.
So far this year we’ve gone nowhere. Now that we are out of the summer slowdown we are anticipating a trending market. If we break the neckline of the inverted head and shoulders then we would result to new highs, if we sell off at the neckline we will look for new lows on the year.
One thing to take note of is the VIX trading at lows. A sustainable rally could only ensue if the VIX breaks 20 and remains there.