Long story short. New highs incoming.
I went long today before VIX loses its mind from the good ole "EVERYTHINGS GANA CRASH" people and premiums on calls/puts go wild.
---Indicators:
RSI is trending up. not over bought yet.
Gold sold off hard today. Still down trending off a massive weekly resistance
TLT had money go into it and its rise got smacked back down to almost even with its weekly open
emerging markets had a great week - always good
vix is vix - My assumption is we see volatility go crazy as we swing around the monthly resistance. Then it will die down until election time.
I went long today before VIX loses its mind from the good ole "EVERYTHINGS GANA CRASH" people and premiums on calls/puts go wild.
---Indicators:
RSI is trending up. not over bought yet.
Gold sold off hard today. Still down trending off a massive weekly resistance
TLT had money go into it and its rise got smacked back down to almost even with its weekly open
emerging markets had a great week - always good
vix is vix - My assumption is we see volatility go crazy as we swing around the monthly resistance. Then it will die down until election time.