We have an Ascending Broadening Wedge with a Confirmed Partial-Decline and Hidden Bearish Divergence and a Potential Bearish BAMM Shark that is targeting $10.2657 on the NASDAQ Volatility Index.
Read in conjunction with VIX post to understand -volatility at a key level down but Nasdaq 100 options are looking pretty cheap at these levels. I'm going short tonight.
Probably have 2-3 more days of this rally left - likely topping out in low 13000s
Probably have 2-3 more days of this rally left - likely topping out in low 13000s Drew last 2 weeks upper trend line wedge line incorrect on last post, now fixed.
YOu CAn'T Ta THe vIx Well this looks like a breakout Let's see what happens NOT FINANCIAL ADVICE