Wednesday, May 4th. - Stock Trends, Charts, and Commentary (***If you see last week's Wednesday Update: Click Here)
Last week we commented that investors should remain on the Cautious side as this could be a Danger condition on the VIX. We further commented that the fan resistance lines (on the VIX) continued to move further out and that this could be an escalating issue developing, so be very careful.
Yesterday, the fan resistance lines continued to be a concerning issue.
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