VXX Remains a Bullish Chart
The VXX chart remains a bullish chart pattern, yesterday in the trading room I mentioned that as long as the VIX is a bullish chart pattern, the market will remain bearish.
Holly cow, another 300 point drop this morning in the DOW, and a test of yesterdays low. And we are flirting with January 1, 2018 numbers. The SPY and the DIA charts are bearish patterns even with the Harami that printed yesterday.
The 80/20 rule has been a valuable rule for me over the years, 80% of stock follow the SPY/SP-500, something to think about.
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