after a deep correction and now tested the support area and breaking a downtrend with big impulsive moment i would take this to the 90% rule and see how price plays out around that area
and same with the SPX500USD :)
Nas 100 Is making higher highs and the RSI is double topping as in the last correction .
This is the most stretched we have been from the 200 MA in the whole bull Run and we are apparently entering a santa rally at these stretched levels ?
When i look at the vxx chart i see that every index correction VXX was at the end of a descending channel and broke out as we...