On the daily VIX, it made a perfect snap back drop the weekly Bollinger and wave 4 down seems to be finished, we will know definitely the coming days. By magnitude we are done though and a neutral close would indicate we are about to start wave 5 up. We will have to deal with this extreme volatility for another 3 weeks before markets will calm down for a while.Markets made reversals today, hinting at the end of wave 4. Tomorrow will bring a clearer picture though.
No comments:
Post a Comment