- Quadruple Momentum Divergence - 0.618 Fib pullback - Flagging/wedge structure - 200 Day MA on Daily - Possible Higher low? Let me know your thoughts below... Follow for more soon!
After a very predictable 8 day accumulation-distribution cycle since the bottom (6 days up, 2 days down), the S&P 500 has been pretty much up for 8 days straight. There were noticeable pullbacks at then end of March and April. Are we do for another?
I usually do not post vix trades... however After some attention was brought to me by traders in my circle.. I have an interesting comparison vix long dated contracts look to be a play uncertainty is in the air... election, virus woes, economic data coming out that is brutal, fed running out of ammo, warren buffet not buying, old large cash sitting out this...
$GLD / $SLV Resistance Now Support - Bullish for $Gold
I laid out all the details in part 1: But let me repeat my disclaimer: This is a very complex and volatile investment and should not be traded.
SPXU is a very complex financial instrument and you should never trade this. It goes up when the market goes down. It resets everyday, unlike the VIX which functions more like a traditional stock. Honestly I don't even know how to chart this thing as it seems to function similar to a logarithmic scale but man look at that upside! There's barely any details on...
Vola is showing double bottom and is generally pretty low for such uncertain times so, structure long via futures. Target is a horizontal resistance level. Like and subscribe for more updates and analysis. Wish you best of luck in your trading!
I expect that the TVIX will break the $245 resistance line early June and skyrocket in a similar pattern as March. Maybe not as high but it could be. It will break $400 sometime in the next month. Anything under that resistance is good value. Amazing value now if you have the guts!
I don't have much to report on this, except to demonstrate that: 1) We may have a small bull flag forming on the daily. 2) A big tell that the last few days "rallies" are fake is that, while the S&P moved to higher highs, the VIX did not move to lower lows. If this were a rally with genuine conviction and confidence behind it, the VIX would fall to lower lows....
VIX Daily Entry Range w/ SL (Upside Target) 13:59:53 (UTC) Tue May 19, 2020
AMEX:VXX NASDAQ:TVIX I'll be buying the VXX for cost basis but both are signaling that markets are possibly going to tumble big in the very near future. target for VXX is $42 and TVIX is 230
TVIX is gearing for another breakout. Buying some here.
US 10YR Short Position for Tue May 19, 2020
I over laid the VIX because their is a big divergence right now but I think the DXY & VIX will meet again in June and they will both be going up
needs a move over 30 to confirm a possible right shoulder. $VXX