Yesterday the VXXB took off to the upside, but we were careful to look for the 2 nd chance Buy Zone targets as shown. The timing took longer than drawn yesterday, but the price3 hit the buy zone nicely.
If the Bears are to take control, it is important for the lows to hold near the Buy Zone. A break below the (black) dashed line voids the pattern count.
If the low set yesterday is broken then the bull market continues a bit more.
The market has been a very quick and emotional rally up since the Dec lows as indicated by the VXXB hitting lows in the buy zones
I am bearish the market, and bullish VXXB
If the Bears are to take control, it is important for the lows to hold near the Buy Zone. A break below the (black) dashed line voids the pattern count.
If the low set yesterday is broken then the bull market continues a bit more.
The market has been a very quick and emotional rally up since the Dec lows as indicated by the VXXB hitting lows in the buy zones
I am bearish the market, and bullish VXXB