Here we can see that the VIXY on a micro-scale provided the typical H & S trading part, relative to the more volatile TVIX.
Looking for any indication of this coming this week..
NFP (non-farm payroll) were down massive; unemployment numbers were about 30% higher than anticipated; OPEC supposed to have a meeting Monday.
I am still awaiting for the reality to set in place countering the bullish argument. Even with OPEC cuts forthcoming, a fake bull rally cannot create real demand for oil, which at this moment should strictly be from the Chinese strategically purchasing for their oil reserves.
I do believe in the next two weeks we should see a pop to 50, but not exactly sure what will finally "burst the upside bubble".
Share your thoughts....
Looking for any indication of this coming this week..
NFP (non-farm payroll) were down massive; unemployment numbers were about 30% higher than anticipated; OPEC supposed to have a meeting Monday.
I am still awaiting for the reality to set in place countering the bullish argument. Even with OPEC cuts forthcoming, a fake bull rally cannot create real demand for oil, which at this moment should strictly be from the Chinese strategically purchasing for their oil reserves.
I do believe in the next two weeks we should see a pop to 50, but not exactly sure what will finally "burst the upside bubble".
Share your thoughts....