VIXY Cup-and-Handle - Busted, or Just a Little Late?
Market uncertainty continues.
The VIXY started tracing out a cup-and-handle pattern from August 2017 to April 2018 but has waffled in the last couple weeks.
Fed decisions, peak earnings, trade concerns, geopolitical uncertainty, rising inflation, and bond rates are all contributing to uneasiness.
Thanks in advance for lending me your attention!
Is the VIXY ready to rally, or is the cup-and-handle busted?
Traders are struggling to find a reason for the markets to go higher (aside from alleviation of trade fears and smart Fed choices), and we're still seeing relatively large daily price swings in intraday trading. A large-scale selloff and plummeting market would send theVIXY soaring.
We've seen a run in the price of the cryptos - is a selloff only on hold because Wall Street doesn't know where to put its money?
Please like, follow, and share, and maybe we can have fun and do great things together.
Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
The VIXY started tracing out a cup-and-handle pattern from August 2017 to April 2018 but has waffled in the last couple weeks.Fed decisions, peak earnings, trade concerns, geopolitical uncertainty, rising inflation, and bond rates are all contributing to uneasiness.
Thanks in advance for lending me your attention!
Is the VIXY ready to rally, or is the cup-and-handle busted?
Traders are struggling to find a reason for the markets to go higher (aside from alleviation of trade fears and smart Fed choices), and we're still seeing relatively large daily price swings in intraday trading. A large-scale selloff and plummeting market would send the
VIXY soaring.We've seen a run in the price of the cryptos - is a selloff only on hold because Wall Street doesn't know where to put its money?
Please like, follow, and share, and maybe we can have fun and do great things together.
Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
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