VX hit 20
VX:
Daily:
-broke a downtrend in momentum
Weekly: (will publish separately)
-hit the uptrend line and bounced away
ES: breaking down
YM: breaking down
NQ: also large candle though support PA and rsi not broken yet
it would be nice to get a bounce in the indices and pullback in the vx, but thats hard to tell with so many trend violations today. could see bounce, or just sideways hold before the next drop
Notes:
--yield curve no longer inverted; reverted this week
--there have been a few one-day-wonder pulbacks in the market lately with a MM revival the following day; this feels different...
Daily:
-broke a downtrend in momentum
Weekly: (will publish separately)
-hit the uptrend line and bounced away
ES: breaking down
YM: breaking down
NQ: also large candle though support PA and rsi not broken yet
it would be nice to get a bounce in the indices and pullback in the vx, but thats hard to tell with so many trend violations today. could see bounce, or just sideways hold before the next drop
Notes:
--yield curve no longer inverted; reverted this week
--there have been a few one-day-wonder pulbacks in the market lately with a MM revival the following day; this feels different...
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