VXX - S&P 500: 3 Reasons To Expect Another Melt-Up Instead Of A Crash

Another week and another whipsaw in the U.S. stock market, as the S&P 500 (SP500) closed down -2%, but escaped mostly unscathed from yet another barrage of horrific economic data and rising geopolitical tensions between U.S. and China. As we wrote in past few weeks, the tug-of-war between bulls and bears remains in progress until either the 50-day or 200-day moving average gets decisively breached. With SPX virtually unchanged over the past month, it is safe to say neither side has the upper-hand so far.

Source: WingCapital Investments

That said, a failed

Read more ...