Market giving all the bears another bite at the apple this morning with Bloomberg report that trade talks are moving along...."sources said". Ultimately looking for this to trade up to the 25 area which would coincide with a correction in the market that could still sustain a continue uptrend. RSI and MACD favorable. Look for a retracement down in the 17.50 to 17.80 area before next leg up. VIX under 15 again this morning. Need a move above 18 in VIX for VXX to get moving to that 25 area.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.