XIV, unlike VXX or UVXY is correlated with the market whereas the others have an inverse correlation, the fact it looks good here may be some short term proof we are to see upside in the market or SPX tomorrow helping to establish the upper part of the range.
SPY in green, XIV in red.
1 min XIV 3C chart
3 min leading positive
5 min leading positive
10 min leading positive
No comments:
Post a Comment