CBOE daily Jan 8th
As with the previous posted CME breakdown, CBOE (CBOE Holdings) has also recently broken below a key uptrend line with divergences in place and will be added as an Active Short Trade here just above the 50 level. CBOE looks likely to be headed to the 44.50 area (T1 = 44.62) but is likely to have a reaction (bounce or pause) around the 48.25 level on the way there. Suggested stop above 52 or lower.