If you enjoyed Wednesday, you really enjoyed yesterday’s algo-driven meltup too.
VIX, USDJPY and CL engineered a striking recovery and reversal. ES put in a low which should help define a rising channel, then rallied strongly into the close.
The recovery was driven by VIX, which suddenly collapsed down through the red TL and SMA5 200 shown below…
…USDJPY, which spiked higher into the US equity close…
…and CL, which bounced off the channel bottom it was backtesting.
continued for members…
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