Hi folks!
This - in addition to almost everything in financial markets ATM - is very scary reading.
S&P500 just flashed a third consecutive (i.e. uninterupted by an equivalent buy signal) Triple Divergence (RSI, MACD and Volume) since the covid-correction on the dialy. Usually, one such signal is a bad sign, but three consecutive ones is just madness.
Time to hand over the bags and buy volatility, short or just sit ut out completely - just everything else than being long the stock market.
For me, I have accumulated VIX futures (VIXY ETF) since the end of june at all times when it dipped under 16 to protect my long holdings. I sold almost all my other holdings late friday after the bounce - its just a terrible risk/reward ATM.
DYOR.
NFA.
Never take the word of others as a given - and never take advise from someone without skin in your game.
This - in addition to almost everything in financial markets ATM - is very scary reading.
S&P500 just flashed a third consecutive (i.e. uninterupted by an equivalent buy signal) Triple Divergence (RSI, MACD and Volume) since the covid-correction on the dialy. Usually, one such signal is a bad sign, but three consecutive ones is just madness.
Time to hand over the bags and buy volatility, short or just sit ut out completely - just everything else than being long the stock market.
For me, I have accumulated VIX futures (VIXY ETF) since the end of june at all times when it dipped under 16 to protect my long holdings. I sold almost all my other holdings late friday after the bounce - its just a terrible risk/reward ATM.
DYOR.
NFA.
Never take the word of others as a given - and never take advise from someone without skin in your game.
