as long as we respect the highs another top is in (uvxy)
short term vix futures have put in a multiday high and many broader market sectors are breeching their intraday lows at the same time
this could have a longer term effect, but i think the short term movement in vix will trend back toward 11.89 uvxy
if we build a base of support above 12 and move higher we could be in for more like 12.30, but keep it on the pivot and it should be fine
this could have a longer term effect, but i think the short term movement in vix will trend back toward 11.89 uvxy
if we build a base of support above 12 and move higher we could be in for more like 12.30, but keep it on the pivot and it should be fine
Trade closed: target reached
long target hitNote
vix is severely overbought, and its not surprising to see a big red day after a day like thisim top fishing this move
Note
daily is bearish imoTrade closed: target reached
if you shorted last night you will want to coveer it hereNote
if we come up again forming a base of support above 13 and move higher it could be a long flipif we see a higher low in spx and break day high could be a reshort on a break of 12.89
Note
12.84 and 13.89 form an expanding rangeNote
getting into reshort territory if we set a lower high beneath 12.97 and continue lowertarget 12.54
Trade closed: target reached
if you shorted the last pop its probably good to coveri dont know what will happen over the weekend so take profit wherever possible
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.