Just a quick short-term chart. SPX is bumping up against its daily Bollinger Band again -- up at 2135 SPX this morning.
How bubbles end
SPX 05-19
Of course, 2138 SPX is the perfect 1.618 fibonacci extension upwards of the 910-pt bear cycle from 2007 into 2009. Maybe it is of sentimental value to the algos out there.
"The earth hath then become small, and on it there hoppeth the last man who maketh everything small. His species is ineradicable like that of the ground-flea; the last man liveth longest."
8 comments:
http://fintrend.com/2015/05/17/thought-bonds-safe/
Yah, something or other has got to force the issue for the Fed here.
getting really bored of this. i want a market back.
Love the Nietzsche references Bicycle.
"The earth hath then become small, and on it there hoppeth the last man who maketh everything small. His species is ineradicable like that of the ground-flea; the last man liveth longest."
OMG! UVXY!
http://www.investing.com/etfs/proshares-ultra-vix-short-term-fut
Doh!
Yah, teh reverse-split was scheduled for the 20th. It does this so it can have another -$5 day or three ahead.
TVIX still under a buck if you need a cheap VIXXY vehicle.
One of these days they'll just run TVIX down to $0 and call it a day.
Just when I thought it couldn't get more boring. Really tedious.
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