AMEX:SVIX AMEX:SPY SP:SPX CAPITALCOM:US500 CME_MINI:ES1!
SVIX bear flagging and consolidating in a bear flag. SPY doing the same. Wave 5 next targeting new lows followed by a big bounce.
In a real case of harmonics chart art, the SVIX entire trading history since launch has built up into a big butterfly pattern.
Really interesting chart and worth bookmarking so we can see how the pattern plays out.
Common sense considerations here;
Charting derivatives has a lot more variance (If it works at all).
Charting things with limited chart data has...
