SHORT MARKET / LONG VOL
SYNTHETIC VIX -5.84% -5.84% on VIX -5.84% -5.84% ™ :
Ascending triangle on the daily, vix -5.84% -5.84% fix fed into RSI (5) showing its reaching >70 of the range, along w/ a BB showing its peaking outside of the normal distribution. SPX/SPY/ES also showing similar reversal patterns as well, iHS -0.42% -0.42% seems looks like it is about to be null and void.
Ascending triangle on the daily, vix -5.84% -5.84% fix fed into RSI (5) showing its reaching >70 of the range, along w/ a BB showing its peaking outside of the normal distribution. SPX/SPY/ES also showing similar reversal patterns as well, iHS -0.42% -0.42% seems looks like it is about to be null and void.
Note
VIX continues to tear down, while SPX gaps up. low volume on SPY and /ES products, QQQ also showing a couple of strong reversal patterns, Countdown on the 13, w/ a potential formation of a right shoulder (low volume) on a H+S pattern on the daily. BTCUSD appears to find confluence on the reversal of the synthetic vix, a TD 9 also printed on the daily there as well.
Yield inversion breaks down lower as well (USO2Y-US30Y), as parity looks like an inevitability at this point
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.