markets and bollinger bands

Posted: August 5, 2015 in Uncategorized

A bit in a rush today – but some friends made me notice that the Bollinger Bands on SP500 are very tight (as tight as 1993, last time).

Usually this is a breakout signal (not directional). But since the FED could rise interest in September, Apple just crashed on really heavy volumes (strange for August) and various “not nice” signals – the breakout could be on the downside.

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