Here we can see that the VIXY on a micro-scale provided the typical H & S trading part, relative to the more volatile TVIX.
Looking for any indication of this coming this week..
NFP (non-farm payroll) were down massive; unemployment numbers were about 30% higher than anticipated; OPEC supposed to have a meeting Monday.
I am still awaiting for the reality to set in place countering the bullish argument. Even with OPEC cuts forthcoming, a fake bull rally cannot create real demand for oil, which at this moment should strictly be from the Chinese strategically purchasing for their oil reserves.
I do believe in the next two weeks we should see a pop to 50, but not exactly sure what will finally "burst the upside bubble".
Share your thoughts....
Looking for any indication of this coming this week..
NFP (non-farm payroll) were down massive; unemployment numbers were about 30% higher than anticipated; OPEC supposed to have a meeting Monday.
I am still awaiting for the reality to set in place countering the bullish argument. Even with OPEC cuts forthcoming, a fake bull rally cannot create real demand for oil, which at this moment should strictly be from the Chinese strategically purchasing for their oil reserves.
I do believe in the next two weeks we should see a pop to 50, but not exactly sure what will finally "burst the upside bubble".
Share your thoughts....
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Disclaimer
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.