Investors Are Getting Smarter?
There are fewer bears and bulls left in the ballroom. The last few bears are struggling hard to survive since the SPY price is breaking record everyday but VIX does not fall quite much.
In the chart, there are lower resisting points but VIX/UVXY are trying hard not to touch them. RSI has higher lows no matter which timeframe you're looking from. and VIX ETFs all have an extended tip at the end like a forked tongue of a snake lol. It's exploring anything and anywhere for the next step.
I guess that's why bears don't wanna give up and bulls are holding tight to squeeze out the last few pennies from the bears' pocket.
Can't imagine what happens when the Fed loosens their hands. Or, our investors are smarter that we all put our eggs in different baskets so both sides are hovering till one runs out of bucks first.
In the chart, there are lower resisting points but VIX/UVXY are trying hard not to touch them. RSI has higher lows no matter which timeframe you're looking from. and VIX ETFs all have an extended tip at the end like a forked tongue of a snake lol. It's exploring anything and anywhere for the next step.
I guess that's why bears don't wanna give up and bulls are holding tight to squeeze out the last few pennies from the bears' pocket.
Can't imagine what happens when the Fed loosens their hands. Or, our investors are smarter that we all put our eggs in different baskets so both sides are hovering till one runs out of bucks first.
Comment:
Last Thursday and Friday (27th & 28th) was a little exciting or scary cuz it seemed like SPY was about to give a nice pullback, VIX ETF went up for 8%, but it didn't last long lol. The Fed revealed their cards one by one, let's see whoever gets tired and quits first.