Lot's of uncertainty and indecisiveness in the markets.
Bitcoin squeezing another pennant. A higher lows but also unable to break overhead lowering resistance.
Stocks have rebounded quite well off their bottoms a week or two ago. Have they topped?!
WHICH WAY DO WE GO!?!?
No way to tell. I think general sentiment and basic economic data might be the catalyst for whatever we do. The VIX is still almost 2x it's historical low, so we may come back down to that. But with so much going on in the world it wouldn't take much to pump the VIX some more.
I'm in defensive but opportune positions. Really , the markets don't know which way to go from here. Your thoughts!?
In fact, in the short term, this may be a good signal, indicating that the recent air drop of kinetic energy consumption is very large, until the depletion, the short-term market will have the hope of bottoming up, and as for those evil long now to short, that this may also be a counter indicator