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Constellation 1976
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Discretionary Trader Speculating in FX and Commodity Futures.
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Constellation 1976
  • $VXV (Volatility Index - CBOE S&P 500 3-M) consolidates for a move higher 0 comments
    Jun 27, 2009 8:13 AM | about stocks: VXZ, VXX

    Weekly chart - Volatility is consolidating in the last 6 weeks roughly in the 28 - 34 range. Low Vol is interpreted as 'Complacency' or trend continuation in stocks. However I think we need caution here. The Falling Wedge pattern is certainly a Bullish signal once the Resistance at 34/35 is broken which would coincide with markets unraveling again the recent Greenshoots theme. 

    Stocks: VXZ, VXX
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