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Good Morning. You can now see the updated Short-Term outlooks for all markets on our web site.

Name: Alexander Nikolov
description: technical analyst and trader, founder of Trendrecognition.com
url: http://www.trendrecognition.com
followers: 137
friends: 4

More updates from Alexander Nikolov

$VIX spiked up in the morning, but is now collapsing. That's a postive sing for U.S. stock market too.
$VIX spiked up in the morning, but is now collapsing. That's a postive sing for U.S. stock market too.

Nice reaction right from the 1088 support in $SPX. A move back twd 1020 Res is now likely.
Nice reaction right from the 1088 support in $SPX. A move back twd 1020 Res is now likely.

However, a close below 1088 will be very bearish: it will indicate the next leg of the larger-degree bear market is likely under way for 984
However, a close below 1088 will be very bearish: it will indicate the next leg of the larger-degree bear market is likely under way for 984

U.S. stock market is called to gap down sharply today but if $SPX stabilizes near 1088, it may look bullish actually.
U.S. stock market is called to gap down sharply today but if $SPX stabilizes near 1088, it may look bullish actually.

It still appears CRUDE OIL is in some kind of a topping formation right now. A close below 75.50 will be bearish.
It still appears CRUDE OIL is in some kind of a topping formation right now. A close below 75.50 will be bearish.