Houston on Nostr: VIX marked the upper BF trendline and sellers stepped in. ...
VIX marked the upper BF trendline and sellers stepped in.
Times like this are notable.
The bears got everything they could ask for but couldn't hold on to the gains.
Now the US 10-year yields are pulling back and $EURUSD is firming up.
It looks likely that we will get a bounce in equities.
So with the risk-on back in equities, will flows continue to pile into crypto as it has been negatively correlated with the SPY/QQQ lately?
Or do we get the coveted rally in both equities and crypto to close out Uptober?
Times like this are notable.
The bears got everything they could ask for but couldn't hold on to the gains.
Now the US 10-year yields are pulling back and $EURUSD is firming up.
It looks likely that we will get a bounce in equities.
So with the risk-on back in equities, will flows continue to pile into crypto as it has been negatively correlated with the SPY/QQQ lately?
Or do we get the coveted rally in both equities and crypto to close out Uptober?