Friday, May 22, 2020

Micro Divergence- Not So Micro, Could Be Huge.

Looking now at VXX volatility derivative- it seems to be aligning with the signal line on $nyad MACD that is peaking at it's third attempt (lower peak) which also has a large multi-week negative divergence (see bottom chart). Some kind of move reaction does look imminent considering these both together. Expectation is that VXX moves up after a hit on 'Z' target and market heads down perhaps not exactly at the same time. Often there is a lead or lag between the two.

1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
See Important Long-Term VIX Study

Forget the 'news cycle'- we report on what is actually happening in the majority trading environment

The bots will flag here when they see a top. (1/25/202/20/204/30/205/11/20)
..and possible bounces/bottoms: (2/28/20) , (3/23/20)
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Our favorite go to site- McVerry Report 


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