I believe the market is due for a bigger correction in the coming weeks than the ones we saw in September/November
The UVXY chart is showing similar patterns to the previous March crash:
1 - Bullish divergence on the RSI
2 - Both a larger double bottom from before March crash to now, and smaller double bottoms at each area
3 - Rapidly increasing volume which shows there is fear in the market
4 - SPY, DJI, and QQQ all have some sort of rising wedge formation
No Price Targets for now but I will update chart and comments if it does follow through
The UVXY chart is showing similar patterns to the previous March crash:
1 - Bullish divergence on the RSI
2 - Both a larger double bottom from before March crash to now, and smaller double bottoms at each area
3 - Rapidly increasing volume which shows there is fear in the market
4 - SPY, DJI, and QQQ all have some sort of rising wedge formation
No Price Targets for now but I will update chart and comments if it does follow through
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.