The Relative Strength Index that was oversold started to curl higher. And the volume spiked up strongly. That can be interpreted as a warning sign about a future reversal of the stock markets.
Saturday, January 29, 2011
Volatility index (VIX) and S&P500 (SPY)
Yesterday (Friday 28 January 2011), the volatility index went strongly higher. See below the chart of the iPath S&P500 VIX Short-Term Futures ETN (VXX), the ETN ("Exchange-Traded Note") that tracks the Volatility Index (also called the "VIX index").
The Relative Strength Index that was oversold started to curl higher. And the volume spiked up strongly. That can be interpreted as a warning sign about a future reversal of the stock markets.
The Relative Strength Index that was oversold started to curl higher. And the volume spiked up strongly. That can be interpreted as a warning sign about a future reversal of the stock markets.
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