November 7, 2020

Volatility Reports 11/9/2020

Last week’s rally cleared the decks, producing online forecasts of another 50% advance for OTC

Last week’s rally cleared out CT’s hedge ETFs (short) across the board. The S-T cycles made a low around Holloween and the I-T trends crossed over a bullish combination.  For whatever reason the media is spinning, the post-election rally crushed the volatility index, at least in the short term, and holding the higher March/April 2020 levels. But what it did not do is take out the ATH posted on 9/2/20 and the secondary high posted on 10/12/20 held thus keeping the bearish outlook in place, in the face of the bulls reaching for new highs on the weekly bar.

This work by Jack Cahn is licensed under a Creative Commons Attribution-NonCommercial 4.0 International