SPDR S&P 500 (SPY): Vxx w a beautiful hammer candle, but the...

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Friday, 03/16/2018 5:32:27 PM

Friday, March 16, 2018 5:32:27 PM

Vxx w a beautiful hammer candle, but there is one saving grace for spy calls , the hammer on VXX was preceded by an inverted hammer , giving us dueling hatchets, which usually begets continuation in the initial direction ( down ). That said, it’s not looking great for spy calls, because the entire pattern I’ve been referring to is here, and it’s being solidified daily, with much more expedience than I thought would occur. We may be in for a spy rout.

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