- SPY and VXX
Topic:
- SPY versus VXX, cross-road towards Christmas.
Lesson Learnt:
- Both intraday and daily chart of VXX still trend downward even though indexes are trending down these few days.
- Weekly VXX chart is still below its 20MA line and also the trend line which is now its resistance line. The odds are it should trend down to get to is supporting line of 50MA line.
- Daily SPY chart has reach its 100MA support line and the trend line.
- Weekly SPY chart shows that it has reach support lines of 20MA and 100MA.
- The odds seems to be at SPY side. However, things can get ugly very quickly. We are now at a very important and interesting cross-road towards Christmas.
| Intraday Chart |
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| Historical Chart |
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