After reaching 50, as expected some sideways action. sold the 52c around 1.05 around 2 weeks ago.
I am neutral, because this looks like a correction of the prevailing uptrend as indicated in the dark red trendchannel.
Downside support are the blue trend line at around 48.20 and the 20 day MA or middle BBand.
Further on the downside we are looking at the...
Despite what the VIX index may be telling you the image is clear that the sell offs are getting relatively harder and faster. As volatility cycles increase in amplitude and frequency we see an increasing amount of "one in a million years" events happening weekly. Between flash crashing, system bugs, pricing errors or whatever else it needs to be called liquidity...
