VIXY / TVIX - Weekly View Confirms Bullish Flip Coming
Updated
Weekly view on VIXY/TVIX confirms the trend should be flipping to Bullish by next week.
Weekly RSI trend has just broken to the upside.
Recently broke out of the shoe/banana pattern.
VIXY has followed this pattern for years, so I feel this is strong.
Everything is lining up to next week sometime we should see SPY go down and VIXY/TVIX go up.
EXITS
-At pink line around $19
-If Daily RSI gets to 70 or higher
If we don't get a bullish trend by next week on VIXY, I am wrong.
For Daily view posted yesterday see chart below.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
Weekly RSI trend has just broken to the upside.
Recently broke out of the shoe/banana pattern.
VIXY has followed this pattern for years, so I feel this is strong.
Everything is lining up to next week sometime we should see SPY go down and VIXY/TVIX go up.
EXITS
-At pink line around $19
-If Daily RSI gets to 70 or higher
If we don't get a bullish trend by next week on VIXY, I am wrong.
For Daily view posted yesterday see chart below.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
Order cancelled
I have exited the trade due to China Deal phase one closing. Tariffs put off.I will wait for another entry and update then. Catalyst was not successful in this case.
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