Beautiful falling wedge Price Action has contained itself within here, still four more days to get our breakout. Price is wedging hard against top of downchannel and bottom of Value Channel + white long term S/R and the core S/R (magenta) is the broader wedge here. If we don't get it here it'd be closer to the election when that wedge gets too tight. That'll...
So yesterday was the best performing day we've seen in almost a month. This move comes after the SPY broke below the green line (support), and subsequently found new support at the 100 day MA/June Peak (around 320). We're at/just below the green line (which is now acting as resistance). Note: According to Spotgamma, there is a gamma "wall" at 341 (exactly at the...
Markets love simple narratives. One of the simplest is that the CBOE Volatility Index (VIX) is the market’s fear gauge. If you think of VIX in those terms you would expect to see VIX fall when the market rises. It seems logical, right? If markets are going up, then investors are clearly less fearful, so the “fear gauge” should fall. While that is often the...
VIX at the daily view. As stated before, the VIX is just hovering between the mid-20s to low 30s. This is due to election volatility being integrated into the VIX. Basically, volatility is ready expected during election season. This backwardation tends to eat up the profits especially if you're long on UVXY or VIX futures. It's why UVXY and VXX slid into the...
A look at the current VXX trading channels. Currently riding a long the support of the major channel. There looks to be a small down channel where it may do a deeper test of support. If this pattern holds, then VXX is making higher lows. Does that mean we will see a new set of higher highs?
Just had a direction change on the minute... will reality of impending chaos be triggered by this turn, or will this yellow trend hold for the bears?
And also the Feb gapup downtrend S/R (magenta). The horizontal S/R below it (green). Another reason VVIX has limited downside but massive upside, also coming up on March peak downtrend S/R (purple) for what should be a pretty powerful wedge as Ratio squeezes down against the converging horizontal and uptrend S/R (white). OG idea Aug 29th:
Vix Pre-NY; Post-US500 ( Futures ) CL_1! 23:42:26 (UTC) Sun Oct 4, 2020
This one is very interesting. I'm thinkin this will hit the bottom purple line again in another big crash (or "crash" over many months too), maybe about half the size of March crash. Looks like it's almost exactly repeating March mini doubletop at the peak too in addition the bigger, more obvious doubletop. Let's see what happens! B)
VIX at the daily view. I know it's been a while since I posted. I've been dealing with some personal issues lately that require my attention more. The VIX bounced off both trend line and RSI support which caused a small jump. The VIX is starting to get near the end of the bigger wedge resistance (plain blue line). I have that jump projected around October 14-16....
All details on chart. NOT ADVICE. DYOR.
Got so caught up in SPX I neglected the Volatility Matrix! Haven't even peeked since my last post weeks ago but everything looking great still. We have Large BUYs on all 4 of these + VXN with only one of the 5 having any significant SELL signals, VIX, with a Small SELL and brief Short Entry Window (but still leaning pretty BULLISH overall). This suggests an even...
VVIX is the reason UVXY is staying low, this 6M downtrend channel is very comfortable for Price Action but it is gradually grinding away into the long term horizontal supports as well as the 1.5Y upchannel which has the most Price Action by far of all the up and downchannels. VVIX can only go so low so the horizontal and uptrends have much more power in this...
VXX not ready yet. Looks to me that it is consolidating. True breakout still to come.
The #VIX is on the verge of renewed volatility. Following the spike at the end of February, volatility then calmed from mid-March onwards. Immediately afterwards, we observe the formation of 5 bearish waves ending around mid-August with an exhaustion point S13 A new bullish wave (1) was then triggered and peaked with a SU9. Wave 2 came back to test a solid...
A very neat set up with a small SL .. a buy with the TP and the previous highs.