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jway888 wrote:Mind elaborate what does that imply?
HFT/Algos perhaps pointing to that target. Don't bet on it too hard, I don't track this.
It did come with volume, but volume is in-line with the rest of the day.
fehro wrote:SPX possible channel 5m.. VIX pressing downtrend still .. .hourly candle.. seems a lower low / gap fill would be better support… as VIX hits 14ish?
From a simple over sold on fear/overbought on market to fearful.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
jway888 wrote:Mind elaborate what does that imply?
HFT/Algos perhaps pointing to that target. Don't bet on it too hard, I don't track this.
It did come with volume, but volume is in-line with the rest of the day.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Here’s a data run that paststat did on Friday (as of 4/9), on what happened in the past when VXX closed down for 6 contiguous days.
“29/30 times VXX closed higher than the entry at some point of time in the next 5 trading days.”
Trade date+10 and trade date+20 look weak here which means bull SPY further out http://paststat.com/blog/bullish-setup-vxx-9-apr-2015/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.