Bulls are making me a believer BUT there are just a couple more things I need to happen before I long a position.
Take a Note about possible vix-bottoming, around 20 there is some resistance and another move-up can happen quickly...
Indices continue their Rally. I am posting an analogue for the Indices this morning to demonstrate how similar the RTs are to a recent point in time. We see a large RT during Globex due to the Vix beginning its pullback. ______________________________________ Privately, I was contacted by a number of Traders a few hours before the close - they all now...
another straightforward idea, invert targets on spy to hedge against es1! calls or spxl shares to add to as you reach sell targets in spx when pivot is in VIX favor add UVXY when pivot trends toward uptrend in spy add SPXL
Since July, the VXX has reached the 200 ema (purple) 3 times. It has retraced the previous low each of these 3 times. The VXX retracing towards $23.43 would be a 61% retracement. We are also at a point of control on the volume profile.
sell climax in S&P500 futures should drive a buy climax in volatility index futures followed by a bumpy ride back down below the $21-20 area for VIX
I'm waiting for a fall in the vix fear index,I'm waiting for a fall in the vix fear index
-Higher highs still in progress uptrend FULLY "Intact" -RSI higher high = Continuation of Volatility or same lvls to say the least !!!
This happens not so often. Strong sign of upcoming correction or plunge.
Forgot I only had 20 minutes. Ill be shorter next time. My overall thoughts on the market, what you should expect, and How I plan on trading it!
UVXY should double top, and head for yearly lows not passing $27.5 and breaking $20 to the downside. Broader market fear nearly maximized.
By the numbers, the VIX has repeatedly moved to Extension Price Objectives. In addition, each has been exceeded signaling a move higher. Pullbacks are limited to Globex. High are made during RTH. __________________________________________________________________ Important SMAs Crosses... they ere a sign as well.
As Breath began to indicate an overall collapse in August, narrowing of each successive move high in the NQ & ES were driven by the heavy weights within each Index. The "7" held their ground after Q3 reporting led to some clawback. AMZN was the first to decline, signaling trouble ahead.
VIX is on the edge of a possible BIG rise. Massive spikes above 30 has been very rare , is it likely yet? Look at the fake-out candle for this week just finishing below a last resistance stand. Is it sign of a reject? Possibly we are forming a top for a VIX long and slow term UP channel in here.
With RSI bottoming and the VIX finding a floor around 14.91, it looks like it might have one last spike left in the tank for the year 2021. MACD is curling up towards a cross. Potential ways to play it are through VXX or UVXY if you want some leverage.
VIX is a fear gauge for the market Breaking out of this purple angle warrants some worries. If we manage to give back the current high then we can say we can move onto a risk-on environment. There is a sector rotation happening right now tech seems to be fading its strength and filling some gaps while some of the first sellers are finding support
If support fails and confirms a fake breakout things could get ugly. One of the more important trendlines to watch! $RTY_F $AMC $CROX $SPY $ES_F $QQQ $NQ_F $VIX $TLT $TNX $DXY #Stocks #Trading 📈