Saturday, July 4, 2015

SPY VDX and TrendX Update...07.04.15

Hope your July 4th is safe and sane....various situations around the world and at home are anything but.  Here's Mauldin's latest post with some frightening info on China and Puerto Rico.
Monday promises to be explosive in the aftermath of the July 5 Greek referendum vote.
Meanwhile Thursday's closing 10 minutes could almost be considered bullish ( back to the pivot after hanging around S1 much of the day).
The latest SPY VDX update is posted below and also the daily TrendX chart. We certainly don't want to see a breakdown below these levels.  If that happens things could get ugly in a hurry.