Just a simple but potentially powerful chart.

In line with my SPX market crash call - see linked threads.

Bullish divergence on VXX since April.

Could it be nothing? Yes it could but I've done my work on SPX also and I think it will be something.

Looking back, other bullish divergences that amounted to nothing were quite choppy, but this is clean.

Not advice.

Note
Not a bad start up 11% today.
Note
Price has retraced back and will probably form a bottoming pattern here. It won't be entirely the same as previous collapse (circled) as this is a more gradual step-by-step. SPX appears to have completed a 0.618 and moving down so VXX should roughly hold this area depending on SPX descent. Once SPX forms a lower lower this should get pretty wild.

snapshot
Note
SPX is starting to look like it could bounce - domed bottom, bullish divergence on RSI, so VXX may form a lower low. It really depends how you look at it - this market is going to crash - bounce or no bounce in this area. The decay is small to the downside but spikes are enormous. When that lower low comes and capitulation ensues, VXX will be way up from here. Choose your poison and this is not advice.
Note
SPX is hanging around at 0.7 and I think the short squeeze is probably nearly over, though there maybe another short flurry. I'm staggering back into VXX here and over the next few days. Note 4hr hammer.

snapshot
Note
I've been banned so unfortunately couldnt update this idea. I hopped out once SPX passed 0.7 retracement. SPX is looking very frothy and could top anytime, but I think it looks like a real blow off top may be on the cards.

I'll make a new VXX thread if/when I make an entry.
Trend Analysis

We're into the post FED interest rate cut blow off phase for risk on markets🥳.

I have many great deep value opportunities ❕

Many Trade Ideas Every Day 📈

Regular videos ✨.

Telegram Group: $50 per month 👍🏻.

Contact: t.me/dRends35
Also on:

Related publications

Disclaimer