A possible scenario – SPX VIX VXX


 

A Possible Scenario for the S&P500, VIX and VXX


Today/Monday, SPX could bounce from support @2393-2400 and late next week re-test the upper boundary of the short term downtrend. What happens if and then at 2420-30 is key for the next few weeks. But first, let’s see how it behaves near the 2400 level…an area where it would make sense to see buyers stepping in and protect the larger uptrend. 

For the next couple of years, I’m very bullish on stocks, read here why. On the other hand, I’m very bearish on Sovereign Bonds (interest rates will go through the roof), read here why and how I position myself to build a long term, crisis proof portfolio and hedge the risk that’s coming. 

Last, but certainly not least, there are several cycle time windows planned for the short term, click here to find out when the market (S&P500) is likely to change the short and medium term trend.



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