The correlation between both VXX/UVXY and the SPX is completely wrong, they are moving in the same direction, VIX seems to be bid, in other words it looks like there's some real fear building in.
Friday, October 18, 2013
Fear is Rising, I Doubt it's Retail
Judging by some of the cockiness on ST, retail is not fearful, but someone is, it's showing up in the 3C VXX/UVXY charts and the spot VIX.
Today's VIX candlestick (Daily) is looking like a bullish hammer reversal candle.
The correlation between both VXX/UVXY and the SPX is completely wrong, they are moving in the same direction, VIX seems to be bid, in other words it looks like there's some real fear building in.
The correlation between both VXX/UVXY and the SPX is completely wrong, they are moving in the same direction, VIX seems to be bid, in other words it looks like there's some real fear building in.
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