remember it's opposite for the VIX and VXX, just like on stocks
and indexes where the CCI works better on oversold conditions vs
overbought, the reverse is going to be true for VIX, it's gonna be
better picking tops on the VIX and VXX than it is bottoms because
it's inverse the market and topping is a process, that's why when
you look at a daily or even a 60 min chart - the CCI tends to spike
up and be done, whereas on bottoms it can just trend and
recycle
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remember it's opposite for the
VXX Daily Chart - CCI below -250
Posted by matt on 7th of Aug 2018 at 02:08 pm
remember it's opposite for the VIX and VXX, just like on stocks and indexes where the CCI works better on oversold conditions vs overbought, the reverse is going to be true for VIX, it's gonna be better picking tops on the VIX and VXX than it is bottoms because it's inverse the market and topping is a process, that's why when you look at a daily or even a 60 min chart - the CCI tends to spike up and be done, whereas on bottoms it can just trend and recycle