Volatitlity spike long awaited, here until year-end?
Volatility has been at very low levels throughout the summer
Currently exact mirror image of SP500 with a nice rounding bottom
Recently broke above key 20.50 level and formed a golden cross (positive cross-over)
Looks slightly overbought for now
Expect some breathing space today and resumption of up-trend next (election) week
STAY LONG (VIXX) if you are
BUILD LONG POSITION (VIXX) if you are not
I include below the weekly chart because it looks good and offers an interesting perspective
Currently exact mirror image of SP500 with a nice rounding bottom
Recently broke above key 20.50 level and formed a golden cross (positive cross-over)
Looks slightly overbought for now
Expect some breathing space today and resumption of up-trend next (election) week
STAY LONG (VIXX) if you are
BUILD LONG POSITION (VIXX) if you are not
I include below the weekly chart because it looks good and offers an interesting perspective
