10Dec3:28 pmEST
Final Hour Handle Out of Which to Drink Your VIX Milk
Despite the rally in equities today, which largely featured the most broken of the broken momentum names snapping back, like GPRO TASR TWTR X, the volatility index for stocks is green.
In fact, the VXX ETF is threatening another upside breakout.
On the 30-minute chart, below, a move over $20.50 now (after holding over the $19 level had been observing), appears to be the nut to crack for a cockeyed but bullish cup and handle chart setup.
We may very well coast into the FOMC decision next week. But the VIX strength is still worth watching.
See you after the bell for the brief recap here and the full-length one for Members.
I Reckon I'd Be Much Obliged... Stock Market Recap 12/10/15 ...