Charts I’m Watching: May 22, 2020

Futures are up 40 points off their overnight lows as VIX was hammered after pushing briefly above its 10-DMA.  It’s not unusual for charts to take on a bearish tone going into a holiday weekend. In a low volume environment such as this, however, it’s all too common for trends to reverse, currencies to pop, VIX to plummet.

Will this one be any different?

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