VXN NOT CONFIRMING RISE IN NASDAQ SINCE MID-DEC
Comparison of INVERTED VXN to NASDAQ 100 Futures (NAS100USD).
As can see since mid-Dec NASDAQ 100 has been making higher highs WHILE VXN HAS BEEN MAKING HIGHER LOWS (INVERTED VXN ABOVE MAKING LOWER HIGHS).
This is a MASSIVE BEARISH Divergence for the NASDAQ that is not confirming the rise in the NASDAQ100 rallies and a huge red flag that the NASDAQ is due for a massive drop.
This is in line with my calls for drop in the S&P and an explosive rise in US Dollar Index (DXY) as well as coming explosion higher in VIX (see next coming post) as well as explosion higher in VXN coming.
See links below to S&P and Dollar Index Elliotwave counts.
VIX Elliot wave count and projections coming next.
RISK OFF is coming to the markets in a major way soon.
Stay tuned for the VIX count.
Cheers!
Cyrus
As can see since mid-Dec NASDAQ 100 has been making higher highs WHILE VXN HAS BEEN MAKING HIGHER LOWS (INVERTED VXN ABOVE MAKING LOWER HIGHS).
This is a MASSIVE BEARISH Divergence for the NASDAQ that is not confirming the rise in the NASDAQ100 rallies and a huge red flag that the NASDAQ is due for a massive drop.
This is in line with my calls for drop in the S&P and an explosive rise in US Dollar Index (DXY) as well as coming explosion higher in VIX (see next coming post) as well as explosion higher in VXN coming.
See links below to S&P and Dollar Index Elliotwave counts.
VIX Elliot wave count and projections coming next.
RISK OFF is coming to the markets in a major way soon.
Stay tuned for the VIX count.
Cheers!
Cyrus
Related publications
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.