We gapped up friday due to positive unemployment numbers, SPX bounced off my suppport area and rallied pretty closed to the resistance here and dropped a bit at the close. The market is basically behaving like it should, going up -> consolidate -> more up. Buy dip area is still the upward supporting line.
Vix gapped lower in the morning, breaking that huge support but rallied back a bit as it tries to retest the support now the new resistance. Let's see if we can breach the resistance next week.
Interesting to note some long term buying signals are triggered today, as weekly EMA 13 crosses EMA 34.
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