Author: Hedgopia In all five sessions last week, spot VIX got rejected at 16.50, which at the time also approximated the upper Bollinger Band. This is not any plain-vanilla resistance. It goes back two decades.
Monthly time frame: There is a reasonable doubt If the bearish cross of the 10 m ma below the 20 m ma is going to have the same outcome like the 2000 – 2002 and 2007 – 2009 bear markets. Even though the decline from the May 2015 high has unfolded a corrective pattern (3-wave […]
Weekly time frame: The decline from the April high has found a temporary halt at the support located at 2040. SP 500 ended lower for the second week in a row for the first time since the beginning of the rally from the February low, however the weekly Doji is suggesting a potential rebound which […]
Daily time frame: The rally from the February low has carved out a potential Rising Wedge If the Rising Wedge plays it can be a reversal pattern, in which case the risk is that this rally is over (Price could resume the down trend with new lows) or it could be a Leading Diagonal, in […]