The following chart is just AMAZING. I thought somebody else would have commented on it - but I've done a quick check and I can't see anybody talking about it. Pardon me if I've missed someone.
VIX broke below the supporting down trend line - with a big gap down. The big white candle is completely outside the lower Bollinger Band. Something that hasn't happened in the past six months.
This is extreme action. Enough to signal an end to this bull rally? Who knows. But I'll bet my bottom dollar that it means a few days of retracement.
Cheers
Red
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Last
8,737.2 |
Change
60.000(0.69%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,677.2 | 8,748.6 | 8,677.2 |
| XJO (ASX) Chart |