Nice rally following the selloff, but a question remains; are we going to have a right shoulder or not?
VXX and SPY seem to make and inversed . They both are at . I think this is a scenario that we must watch carefully. Ofcourse, nothing is perfect in charting so VXX could go lower than reverse, or vice-versa.
Have a good day,
I havents mentionned it, but QQQ is in a wedge in the 15 minutes. Volume is low and will most likely starts moving up after lunch. This should give us at least an idea of the direction in the short time.