VIXY - Reversal In Play
Fisher Transform, MACD, and RSI turned bullish on Daily.
Falling wedge within falling wedge is turning to breakout higher.
Going into the holidays it may go super-bullish and blast through the top of wedge.
Otherwise rejection at top of wedge in November/December provides another entry in January at point of wedge.
By Mid-2020 to Late-2020 we should see VIXY get above $30 with elections and market peaking.
Monthly Call options are fairly cheap for VIXY. Or a person can dollar cost average from now until about January for good position.
Excellent risk to reward payout on options.
I am long VIXY, GBTC, BTCUSD, GDX, and MARA.
Falling wedge within falling wedge is turning to breakout higher.
Going into the holidays it may go super-bullish and blast through the top of wedge.
Otherwise rejection at top of wedge in November/December provides another entry in January at point of wedge.
By Mid-2020 to Late-2020 we should see VIXY get above $30 with elections and market peaking.
Monthly Call options are fairly cheap for VIXY. Or a person can dollar cost average from now until about January for good position.
Excellent risk to reward payout on options.
I am long VIXY, GBTC, BTCUSD, GDX, and MARA.
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