I traded this pair several times, here is another chance.
Although we clearly have negative divergence and S&P is within this rising wedge, the only thing I dislike a little is the quite far away RSI trendline.
But S&P looks toppish and VIX is again cheap. It is a rather short term counter trade
Although we clearly have negative divergence and S&P is within this rising wedge, the only thing I dislike a little is the quite far away RSI trendline.
But S&P looks toppish and VIX is again cheap. It is a rather short term counter trade