Ramp angle is flattening since March, which is a great sign and matches almost exactly to the yellow ramp angle before the spike in March (I copied it over directly). Volume roughly on track to match March spike too. Fed unloaded one of their big news items today: markets.businessinsider.com Yay! More corporate bailout to keep the FOMO pump alive! Barely made...
SPX500 Daily Range 13:46:08 (UTC) Mon Jun 15, 2020
Vix: Current price $41.6. Target $39.50, then possible $48.00. Vix will probably draw back over the morning until it tests support at $39. Could lead to a probable breakout towards $48 if support is strong and it gains momentum to break through $42. A failed breakout off $39 support would expose $33.80.
Just had some time - and used it to fill the gaps ;-)
I used to share the view that it's possible for the path to have at least one more VIX jump in the withdraw process from the peak. It's based on 20-year VIX historical experiences and the trend. Here's the article: It happens! 6/5-11/2020 it's jumping from 24 to 45 - a 21-point jump. Some may invest in TVIX to have closed to double the position. I will suggest...
Lets find out if history will repeat itself or how far it will diverge B). Indicators and history signaling this spike has lots of room to run.
My first direct mashup of SPX and TVIX. I created a Relative Value Index to directly compare these two. TVIX low was $109 on June 5th with an RVI of 3... an order of magnitude drop from the TVIX peak. Since then the RVI has doubled to 6 and should continue uptrend into July. RVI peaked at 7 today ((201/3047)*100) but settled at 6 ((169/3041)*100). Currently...
The $SPX is testing its 200sma on a daily chart, on a weekly chart, we are seeing a bearish engulfing candle (2 hours to go for close). Next short-term support is $2950. $VIX back above 40
The US open kicked off with a large gap for the U.S. indices, following yesterday's horrific losses not seen since March of this year--and prior to that back during the GFC in 2008. Fundamentals are not being followed in terms of themes or data , however the market has seen justification with the second wave. I think that sentiment itself is showing, and the...
... as per yesterday's channel... looking to enter long again around 35
Assuming this next crash roughly matches the last one, a bet on VIX today at $40 would stand to net you up to $80. A bet on TVIX (which is 2x the velocity/risk of VIX) however at $200 would stand to net you up to $1000. So in VIX a $100 bet now has confirmed potential of turning into $200 for a 100% ROI. On TVIX a $100 bet now has confirmed potential of...
Should have followed my own advice and bought VXX. It went up 75%!!!
I've been calling this for three weeks now and been holding most my TVIX since May 18th among other inverse plays. Just made some revisions to my OG idea and cleaned up the lines a bit to try to dial in the up spike here. Here's all your entry and exit price targets from May 26th: All that holds the same today. TVIX still much better risk/reward than VIX. We...
Ok people, things are about ready to boil over here. Everyone is holding their breath and crossing their fingers that all the economic data dropping first week of June 'won't be as bad as expected' so the market will then rebound. It's all hopes and dreams though. It's gonna be worse, decent chance of MUCH worse. If we get to the end of June, and I have to sell...
With today's falling wedge breakout, VIX has moved up to the full 1.0 Fib Retrace level on the downwards channel from March... Contextually this makes sense, as the fears of a second wave and overbought indices mimic or "retrace" the fears from the first COVID outbreak, albeit muted due to the downward channel nature ...