My guess is the market is waiting for a fed meeting to decide the direction for me Rty looks ready to die a horrible death but we will see.
I'm bearish bias right now until we see some goo price movement in either direction, maybe a lower high on price movement or break down lower on the RVX. sending rty to retestance
RVZ is looking more bearish. There is a ton of space to create a lower high here. Plus we have some overbought signals on both RSI and the stochastic. The MACD is looking like trending upwards, but even some sideways action can turn that trend bearish.
For now, I am leaning towards the VIX and the RVZ being bearish, and the VXN being bullish. Typically, you would...
RVX at the daily view.
This is a project that my trading team and I are conducting. This is 4 of 9 charts (available on Trading View) that searches for clues for an imminent correction by using both June and September 2020 cases. It's a comprehensive overview that connects the charts volatility, trends, divergences, credit, and currency strength.
In this chart,...
This is the RVX at the daily view.
The RVX has finally reached a decision point between the long-term wedge resistance and the supports below. Currently, the RTY is in a giant bull flag since August 3rd and doing a "correction over time."
A correction over time is actually a bearish in the very short-term, but bullish in the medium-term. Currently, the RTY is...