Last night I mentioned, when we already have the longer term or big picture divergence in place, how I look for the short term charts not only to go positive, but start showing some extreme momentum-I think I was specifically talking about volatility and UVXY at the moment. Just a few minutes ago VXX's 2 min made one of these huge leading positive spikes and UVXY wasn't too far behind.
Keep your eyes open, volatility is shifting and right now fast so the market is likely to see a quick move if these charts hold up and move to longer, stronger timeframes. Time to look at leading indicators.
5 years ago
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