Yesterday everything was looking great as TVIX broke through the short run support. However, the RSI took a dip later in the afternoon and rejected this breakthrough. Looking at the price now, it has had an extreme upthrust and broke through the short run resistance...
However, looking at the market as a whole, this move is very reflective as DIA has broken through its 2016 support line.
This means trouble
Moving forward in the coming weeks the market may be all over the place. Not really sure where I stand.
However, looking at the market as a whole, this move is very reflective as DIA has broken through its 2016 support line.
This means trouble
Moving forward in the coming weeks the market may be all over the place. Not really sure where I stand.