HK_L61

VXN - NASDAQ Volatility Increasing - Larger Draws Daily

CBOE:VXN   CBOE NASDAQ 100 Volatility
Never underestimate Wall Street.

Although there is a clear break in the Absolute Correlation between
the VXN & NQ as there is in VX as a Complex... one which can easily
be observed... it is irrelevant, as the Trend Itself will re-assert as Price
begins to clear VIX Roll into a settlement next week.

Wall Street is positioning now.

As we continue into a very heavy MAcro Data Week beginning Wednesday
with the FOMC and Jerome and his Minions posting up the Blah Blah and
Yada Yada - Yoda routines... the Smart Money isn't buying it.

We see the NQ's reaction with the VXN substantially lower than Friday's
lower range while Nq's Price is struggling the 50%.

Divergences are very clear and why we maintain the 200SMAs will be tested
and Ultimately Busted - after the Potential for a 200SMA bounce and countertrend.

The Bots are running wild again competing on both TF's - there is a very real
struggle to continue lifting the NQ which is having difficulties...

We are SOH and waiting to see what shakes out.

We have closed our NQ Longs off 703 @ 777.
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.