Check out the following interesting charts that may indicate the Trend to unfold.
1. Short & Long Kiss :
The Short term moving averages indicator of 5-20 ema have just crossed bullishly. Whereas the Long term averages of 50-200 dma have just locked in .Will this be a killer kiss, the 'Death Cross' or will it the a Bullish 'Touch and Go' ?? Lets watch keenly for the prices to whipsaw at 200dma and then give a firm direction.
Whatever happens at 50-200dma , we are in for the'Ride of this Year' on one side after this resolves. Tighten ur seatbelts.
2. Rounding Bottom :
The VIX Chart is supposedly making a 'Rounding Bottom' Pattern.The Bullish VIX will be the cause of a volatile ,Bearish Market. For now the VIX is below the short term Trendline . Keep an eye on it.
3. Trendline :
Prices are trying to breakthrough this Medium term Trendline for the third time.Last two attempts have failed ,will this attempt be successful?