I am looking at the XIV because I find the SPY gives too many whipsaw signals.
potential signal for a bottom in the market
Started by
Charvo
, Feb 05 2016 08:01 PM
2 replies to this topic
#2
Charvo
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Posted 05 February 2016 - 08:16 PM
Recent retests of bottoms have led to retracements greater than 61.8% of the rally up. Maybe 186 on the SPY as a minimum target? That's the 61.8% retracement. If it goes beyond that like the other ones, it should get down to around 185 which is the body of the daily bar when the SPY bottomed in January.
Edited by Charvo, 05 February 2016 - 08:20 PM.
#3
Charvo
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Posted 05 February 2016 - 08:51 PM
This is a chart of a bunch of volatility indices combined together with some EMAs to show crossovers up and down. It still shows that volatility is being bought which is bad for the market.
