4 Hr VIX looks like a mess, but just drawing trend lines connecting tops and bottoms shows a broadening wedge formation...Doesn't mean the market tanks, but I see why I have been seeing a lot of people going to cash lately. Also of interest, Gold (-7% since last peak) and Bitcoin (-14% so far since last peak) have taken it on the chin as of late, and even "value stocks" have been chipped away at. Stimulus announcement seems to have been a "sell-the-news" event in hindsight. Holding mostly dividend stocks in the form of energy and financials myself so I am not interested in selling and hoping to buy lower later. If this trend continues, we may see some serious discounts on many assets in the near to medium term.
Gold very much in danger of falling below trendline support - Very much considering selling my entire position on that ahead of schedule rather than hoping for those magic figures being touted by the precious metals community. I agree that gold should be trading near 2500 or 3000 but the market does not appear to agree with them.
Oil has also calmed a bit, but those losses are not as spectacular.
Gold very much in danger of falling below trendline support - Very much considering selling my entire position on that ahead of schedule rather than hoping for those magic figures being touted by the precious metals community. I agree that gold should be trading near 2500 or 3000 but the market does not appear to agree with them.
Oil has also calmed a bit, but those losses are not as spectacular.