Watching oil carefully here. Lets see if the retest failure confirms, next couple days. The inversion is clear between VXX and HAL , and IWM as well. Do currencies lead or follow? Hindenburg Omen event noted by some.
you nailed the IWM SHORT 5 months ago. KUDOS. I shorted but got out WAY too early. I also bought VXX recently and have added small for a week. I am short C, IWM and long tza. What is your target may I ask on VXX. Thank you
VXX could go to the moon, just like it did in 2008, if oil take another leg down, and takes the energy sector with it. The question is the timing of it all. But I just posted a chart to show (thin red vertical lines) that I think we are at the major pivot point, just like in 2008. This santa clause rally might get snipped, without anyone seeing it coming. It will take something unexpected to set it off, even though oil may go far lower than most think, and that itself may be the tipping point. I am also in VXX, TZA, and note the dollar may very well go higher, but the markets may react dipping down sooner than the dollar dips. IMO