Re: Bear Cave 2 (Bull Allowed)
The last time the current extremes were hit was late July. After that VXF had a (-8%) move down in the weeks that followed. However, for now the trend remains up, and I'm on a hold long position. We shall see how this data plays out this time....
Note the black dotted vertical line on the chart, and the VIX at 12.07 in July. It just repeated, but it's the combined data points "of all the other indicators" I use that increase the odds for a pull-back. Only 3 of the indicators I track are on the VXF daily trend trading chart below, but they are important ones. My system remains long, but the warning indicators are hitting extremes.
https://stockcharts.com/h-sc/ui?s=VX...32&a=698911440
Enjoy the rest of your weekend!
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
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