VIXY - Waiting to pop - Set to restest $20's before year end
"The VIX projects a test of major resistance in the upper-20’s before year-end," says Addison, who is is the author of THE INSTITUTIONAL VIEW, a research service that specializes in technical analysis. "Once the VIX has a weekly close above 32, then my work would confirm upside projections to 50-55," he continues. He sees additional stock market declines ahead if the VIX does indeed rise.
Source - investopedia.com/why-vix-fear-gauge-poised-to-spike-is-bad-news-for-stocks-4772170?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo
Market seems like the rug is about to be pulled out. Everyone singing Kumbaya with market at ATH, QE money printing, negative interest, ballooning corporate and government debt.
Does total fiscal irresponsibility seem like the place that "normal people" are putting their money? I think not.
Please feel free to comment, like, or follow. Thank you to all who comment and further the discussion (good or bad). All opinions are welcomed. Thumbs up are appreciated as well. :)
Source - investopedia.com/why-vix-fear-gauge-poised-to-spike-is-bad-news-for-stocks-4772170?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo
Market seems like the rug is about to be pulled out. Everyone singing Kumbaya with market at ATH, QE money printing, negative interest, ballooning corporate and government debt.
Does total fiscal irresponsibility seem like the place that "normal people" are putting their money? I think not.
Please feel free to comment, like, or follow. Thank you to all who comment and further the discussion (good or bad). All opinions are welcomed. Thumbs up are appreciated as well. :)
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