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ram4nd
Aug 17, 2022 10:45 AM

Decending wedge forming in VIX Long

US Volatility IndexPepperstone

Description

A decending wedge forming in VIX. The bear market rally doesn't pass the sniff test. Not sure how things are at USA, but in EU we have worse and worse bills for electricity and food. Recession probabilities are high. Currently central banks seem to want to go towards recession and not further inflation rate increases. Combining the macro view with the irrational bull rally in SP500. We notice a good opporitunity.
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