VXX points to volatility returning quick and fast
Watching the VXX, the VIX ETN, can be quite interesting. It has its own idiosyncrasies, but over the VIX index, this ETN has volume data and charts better than the index on patterns, break outs and break downs.
It appears that there has been a bullish divergence of the technical indicators particularly the VolDiv, and less so on the MACD. Nonetheless, it is clearly observed. Recently, a breakdown out of a range support appeared to fake out the market, particularly when yesterday's candle is rather full, bullish an broke back into the range.
Furthermore, the TD Buy Setup ended and overextended... just waiting for that TD Flip.
Taken together, the short of this (pun not intended) is that volatility is due to return with a vengeance at least to the upper end of the range for a start.
Heads up!
It appears that there has been a bullish divergence of the technical indicators particularly the VolDiv, and less so on the MACD. Nonetheless, it is clearly observed. Recently, a breakdown out of a range support appeared to fake out the market, particularly when yesterday's candle is rather full, bullish an broke back into the range.
Furthermore, the TD Buy Setup ended and overextended... just waiting for that TD Flip.
Taken together, the short of this (pun not intended) is that volatility is due to return with a vengeance at least to the upper end of the range for a start.
Heads up!
Nota
TOTALL EPIC FAILWith volatility going down like that, markets appear bullish.
Nota
And then one day wiped out all 8 prior days. lol
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.