VIX at the daily view. The VIX is stair stepping as it's been in a RSI uptrend for a month now. VVIX is still above 105 so volatility is here to stay. Since the selloffs have been low in volume and not spiking down, the VIX hasn't been spiking as much. In addition, VIX futures have been experiencing backwardation from the contracts rolling over. There was...
I benched VXN and subbed in VXX. We got entry windows on all, plenty of LL's and both SB and LB on all today. Now it's just a matter of seeing how high it'll climb!
Not really sure where the VXX is headed. The S&P staged a small rally today, but the VXX kind of just hung around oscillating up and down. Usually the VXX drops pretty steadily after it spikes, but not this time. If the S&P was staging a rally I would have expected it to drop much faster. I am leaning towards the S&P continuing on down, but I am getting...
Updates since yesterday. Major trend line to be tested today. Bot the S&P and NDX both tested there resistance levels and where rejected this morning. Curious to see which wins out.
Technical analysis supporting fundamentals of the 2nd wave of virus globally, unemployment rising etc. etc. Technicals: - Bullish supporting trendline. - 4hr chart showing higher highs and higher lows. - price looking likely to open at the lower trendline. A higher low forming around the 26.00 level could be a good long trade entry to catch the next bullish...
It's resting exactly on the bottom of that very powerful long term S/R trend channel and wedging up right against the 6M downtrend S/R. It almost exactly cleared the entire downtrend channel (it got a little stopped up by the white horizontal S/R) before coming to rest right atop the yellow line. This has got to bounce up people, it just can't stay this low...
The short term future on the S&P 500 volatility index VIX, launched by Barclays Bank, is a further increase expected. The US election is imminent and profit taking and price resetting should therefore come as no surprise. This should increase volatility very soon. Greetings from Hannover, Lower Saxony Stefan Bode
VIX usually has a false breakout as we have seen and then the second go like we are seeing now is usually when you see the spike. Lets see.
I expect mkts to keep rising given how weak the selling has been. The Pull back has been weak , and failed to break down. IF it should . this the scenario i have for it. I will be watching this week. the Bull scenario is ABC correction is over and that can be a short corrective wave 2 completion.
We have continued to sell off on Friday, and things were looking like price was going to confirm a lower high on the daily chart. Remember, in order to confirm a lower high swing in a new downtrend, we NEED a lower low close. Take a look at the Dow chart. We have been watching this support at 27500 for weeks now. So far we have held it. BUT take a look at the...
After making what looks like a low it made a big jump overnight.
Got stuck right at the top of the channel. Breaking above this line is bullish and will likely mean we have a spike taking shape.
retesting support Will likely have a wick test the stronger support before going up :)
The logic makes no sense here people. How much possible downside could there be left when it is at PRE-RECESSION levels already? What can't go down must go UP! That's the best part of trading volatility B).
I'm a junkie for those green circles at the bottom of a large upswing B). My final loadups will be around the nearby purple lines, should be no stoppin it by then. First TP is top purple line ~30. I made these lines at the 2H so you're just gonna have to deal.
This channel has the most Price action by far and Price is stuck right at 2Y uptrend channel bottom and 6M downtrend channel with the 2nd most Price action after the one right below. Price likely to continue climbing yellow uptrend channel, white is max low here for the near term. Upside potential is 4 white horizontal trend channels.