VIX broke out of its falling white channel from December and, so far at least, hasn’t fallen back in. It’s at least a glimmer of hope for the bears, as is the fact that a potential Inverted Head & Shoulders pattern hasn’t completed.
The other chart that should have bulls a little on edge is the 10Y. After bouncing nicely at our 200-day MA target, it’s on the brink of a breakout.
Has stocks’ bear market bounce finally played out?
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |