VXX/VIX made a move to the upside as predicted BUT will it stick
The VXX made a nice move to the upside today as the wave analysis predicted. It is nice to be right once and a while. It has been quite a while since I made an accurate forecast for VIX.
Now the question is will it keep moving up or will things calm back down again? I personally think the S&P and Nasdaq are headed for a moderate correction over the next few days and that should drive the VXX up more. However, I would not be surprised if we see some form of "double bottom" in the VXX before a more serious move higher. The RSI is showing a bull flag, so that is promising. However, I have been fooled by that before.
Hope this helps and good luck
Now the question is will it keep moving up or will things calm back down again? I personally think the S&P and Nasdaq are headed for a moderate correction over the next few days and that should drive the VXX up more. However, I would not be surprised if we see some form of "double bottom" in the VXX before a more serious move higher. The RSI is showing a bull flag, so that is promising. However, I have been fooled by that before.
Hope this helps and good luck
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.