Bullish for the fear factor or for the SPY?. If it breaks the 5 year trend that should sends SPY to the moon.
Correct, i usually assume that resistance will hold, thus bearish.also VOS is in a tight falling wedge, that is the best wedge, the tight ones, for bullish reversal, which would be bearish on equities.
Insightful and Useful Comment!
Bullish for the fear factor or for the SPY?. If it breaks the 5 year trend that should sends SPY to the moon.
ReplyDeleteCorrect, i usually assume that resistance will hold, thus bearish.
Deletealso VOS is in a tight falling wedge, that is the best wedge, the tight ones, for bullish reversal, which would be bearish on equities.