VIXY Cup-and-Handle - Busted, or Just a Little Late?
Market uncertainty continues. The VIXY started tracing out a cup-and-handle pattern from August 2017 to April 2018 but has waffled in the last couple weeks.
Is the VIXY ready to rally, or is the cup-and-handle busted?
Hi Steemians, I'm @holsturr.
Fed decisions, peak earnings , trade concerns, geopolitical uncertainty, rising inflation , and bond rates are all contributing to uneasiness.
Thanks in advance for lending me your attention!
Traders are struggling to find a reason for the markets to go higher (aside from alleviation of trade fears and smart Fed choices), and we're still seeing relatively large daily price swings in intraday trading. A large-scale selloff and plummeting market would send the VIXY soaring.
We've seen a run in the price of the cryptos - is a selloff only on hold because Wall Street doesn't know where to put its money?
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