I made this VVIX/VIX chart a few days ago and drew a few resistance channels, which have been tested a few times in the past weeks. Today's volatility spike marks a major breakout.
Quite the bear signal. 180 billion in AAPL value wiped out today, many more billions gone throughout tech. Is the bubble pop complete? Let's see what Friday holds. September starting...
Wedge formed by the two channels appears to be breaking downwards right now, which would complete this daily bear flag. With heavy correlation between SP500 and BTC lately, is this the signal of a painful Friday in the markets?
There's still fear of a crash and eyes on potential pain this week and next due to Q2 earnings timebombs, but the backasswards market this year could do just about anything at this point. Even the FED warns of economic pain to come, their current stock of ammunition is about to dry up but they have other weapons, how long can they keep up the assault before the...
All the gain we saw in the powerful rise in early June is now gone. AC has been volatile in post-COVID trading & hasn't recovered much compared to markets. While shutdowns worldwide & low tourism have generally trashed the industry, AC is still operating their aircraft domestically and increasingly abroad, mitigating some of the heavy AOG costs that all carriers...
