TQQQ to 60s-70s - Bearish
We all know the market is overdue for a correction. Many market makers estimate an approximately 10% sell off - corresponding to a +/- 30% sell off in TQQQ.
VXN and VIXY are setting up for a potential volatility breakout +/- Feb 02. Potential catalyst could be an underwhelming NFP? Rising corporate bond yields may also put pressure on valuations.
VXN and VIXY are setting up for a potential volatility breakout +/- Feb 02. Potential catalyst could be an underwhelming NFP? Rising corporate bond yields may also put pressure on valuations.
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