RVZ is looking more bearish. There is a ton of space to create a lower high here. Plus we have some overbought signals on both RSI and the stochastic. The MACD is looking like trending upwards, but even some sideways action can turn that trend bearish.
For now, I am leaning towards the VIX and the RVZ being bearish, and the VXN being bullish. Typically, you would like to see confirmation across all three volatility measurements to conclude that owning equities is safe. So be selective with your equity picks for now.
For now, I am leaning towards the VIX and the RVZ being bearish, and the VXN being bullish. Typically, you would like to see confirmation across all three volatility measurements to conclude that owning equities is safe. So be selective with your equity picks for now.
