VXXB - giving us clues that the Market will turn up again soon
Wow! The snap of the parabolic curve (pink line) says more downside in VXXB. Maybe the Pesky Gap! zone, thus completing the Harmonic Bat Pattern (blue).
So what does this mean?
If VXXB goes to the buy zone, then the SPY will try for new highs again. This is a bullish set up for the short term. We should see a rebound and a nice little rally this week if VXXB continues to fall down towards target area...
I am bullish the market now
Old Fart
So what does this mean?
If VXXB goes to the buy zone, then the SPY will try for new highs again. This is a bullish set up for the short term. We should see a rebound and a nice little rally this week if VXXB continues to fall down towards target area...
I am bullish the market now
Old Fart
Commentaire:
To be clear, I am short the VXXB, Long the market (SPY) with this chart