It is one of these times, where the great rally (due to another QE of many) doesn't seem to stop
or does it ?
SPX seems to be trapped in a rising wedge with accompanied negative divergence.
It may run out here right now with the break of the up trendline, it may make another new temporary high,
nevertheless , the air gets thinner... nearly as Felix Baumgartner's attempt today, but his flight into very thin air was stopped due to high wind.
The RSI after having not responded with a higher high on the latest S&P price move, seems to have broken its own trendline to the downside.
Well, I am not only short S&P, but also long VIX... Volatility is very cheap here and a correction is imminent... which usually after this very nice broad rally in global markets will be mirrored with higher (spiking ?) vola.
or does it ?
SPX seems to be trapped in a rising wedge with accompanied negative divergence.
It may run out here right now with the break of the up trendline, it may make another new temporary high,
nevertheless , the air gets thinner... nearly as Felix Baumgartner's attempt today, but his flight into very thin air was stopped due to high wind.
The RSI after having not responded with a higher high on the latest S&P price move, seems to have broken its own trendline to the downside.
Well, I am not only short S&P, but also long VIX... Volatility is very cheap here and a correction is imminent... which usually after this very nice broad rally in global markets will be mirrored with higher (spiking ?) vola.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.