seems a lot like volatility has returned as the norm (SPXL)
theres a chance that getting back to all time highs may take a lonh time, and when we get there we may be heading into another drop. if volatility has returned as the new norm there is a lot of evidence to suggest that we wont see a stronger market than 2021 until at least 2023. should we make a second break to the downside whether it is sooner or later a touch of vwma monthly is not unthinkable.
Note
were about to dip into oversold 15 minutesqqe has punched in 3 fakeouts in a row, and the latest entry is short
this could mean were turning around
were below premarket, but were above feb 4ths lows and some level in between is likely to be bullish
Note
1 minute rsi in the teens
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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.