This shows all the different Volatility products. As you can see, when the 9d Vix goes above the longer term Vix's. Bad things happen. Why? Because if the 9 day vix is higher than the others, it means that people are more uncertain about what will happen in the next 9 days than the next few months. Just something to think about:)
Thursday we saw a high volume test of 300, which held. Friday we broke 300 with lower volume, printing a lower low, and then rebounding to a lower high. Expecting a lower low to print early this week. Good luck to all, may the tendies be with you.
SPY has broken down from the ascending channel defining the rally from 3/23/2020 to 6/8/2020. It's possible we retest the bottom of the channel as resistance, however, with the large amount of bearish momentum we may just continue straight down to 293. By the end of the month we should be able to tell if this is the end of the bear market rally or if it is a...
Disclaimer: Please consult with your financial adviser before investing. Any statements made are not an investment advice and should not be taken as such. It is purely a speculative opinion. Invest at your own risk.