QQQ: The price continues consolidating, and every minor dip is being quickly bought

SmartReversals
06-13

$Invesco QQQ(QQQ)$ : The price continues consolidating, and every minor dip is being quickly bought.

The $Cboe Volatility Index(VIX)$ closed in the green along with the indices, so the healthy pullback may have been just postponed, and at this pace, when it happens the volume shelf highlighted will provide strong support.

As mentioned yesterday, don’t be too bearish, if the price continues in the green tomorrow, the weekly candle will be fixed for bulls.

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VIX Surges 20%! Go Long on VIXY or UVXY?
Since May, the VIX has remained below 25. Today, it jumped 18% following Israel’s airstrike. Meanwhile, the Fear & Greed Index has stayed in the “Greed” zone for a month, now reaching 61. Is it time to shift gears? Is VIX a good tool to bet on a market pullback?
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