I’m buying into this puke. Based on a study I’ve run I’m guessing QQQ will test around ~91.5 and SPY to test 185 so I don’t think the low is in yet. Statistically a swing low arrives around Thursday or Friday of this week.
Let’s dive into some charts.
Monthly chart is now broken….
VXX… a short on rips
Europe et al.
as a side note IWM has been outperforming SPY for a couple days and I expect IWM to reverse the trend of underperforming SPY and start outperforming into the end of the year. Good luck.