The angles are very similar and the first half of the year wedge seems to be a good indicator for price movement. Will see how the year ends. It's been fun everyone!
Trading VIX since the break-out on Oct 4th hasn't been easier. WHY 8 week channel perfect BB enveloping clear VP matching Action to take trade on daily chart have your SL sit aside channel
turning for another leg down possibly. rejected by 10ma. $SPY $QQQ $VXX fascinating market times
I wrote, earlier that We looked like we could be getting a Head and Shoulders on the #VIX #VXX, what that means that volatility was looking to deteriorate, #SPX #SP500 would see a rally. We saw that this past week. Waiting for this break to see IF there is more upside in #SPX.
last 4 days SPX500 and NAS100 have been coiling in to a pennant. lets see how it will play out: a) bear flag and continues lower, b) falling wedge, market reverses and we go back to regular BTFD program. with P/C ratios being elevated for so long and all media and fintwit being so bearish, IMHO it will resume to the upside. but i never traded through bear market,...
these channels on $UVXY have been trending really nicely. shorted some on the break of first channel around 60 and covered last part around 48. bought some December puts last week, which wasn't really smart when i look at the chart now. hoping this will play out in to double top
$SPX closes November at its 5th highest for the month. Oddly, the short term (9 day) $VIX closed at its 2nd highest November on record. Investors are expecting near-term volatility despite the price action in the S&P 500.
If the bold pink line failes then we will see the bottom of the channel in the VIX and the SPY races to 280 area. If the Green line wins then you will see the SPY fall and VIX will be off to the races. The TTM Squeeze will determin if we are going to head higher or lower but we are fixing to make a moe either way If the TTM indicator starts heading above Zero...
Looks like a Bull Flag. I'm expecting a pullback next week which will correspond with an overdue SPY bounce. Will enter at the lower trendline with a close stop as this instrument is extremely volatile. We should start seeing the real panic soon.
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - M Timeframe - 6-12 Months Actions on - A – Activating Event The CBOE Volatility Index is creeping higher and starting to find support at the @20 level!. B – Beliefs The Financial Crisis in 2007 - 2009 we saw the VIX move rapidly towards the 61 level. Slowly we are heading in the same direction and...
RSI Trendline broke. There's just no way to read it other than that.. We're also up too high to anticipate a full backtest. I don't think I have to point out the horrific bear divergence. I've traded a number of Weekly, many Daily, and hundreds of Hourly indicator breaks and divergences. This will be my first Monthly.
AT40 = 23.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 24.7% of stocks are trading above their respective 200DMAs (new 32-month low) VIX = 22.5 Short-term Trading Call: neutral Commentary The technical damage continues in the stock market. Amid all the carnage and massive gap downs, I am surprised AT40 (T2108), the...
on the VXX we possibly see a Head and Shoulders pattern forming. If this confirms and breaks, then we could see much higher prices in equities. My feeling is that we may stop at the neckline and we resume higher. My thinking behind lower prices in equities stems from late cycle, global growth slowing down and inflation. We may see higher bond yields which would...
Another contraction. Last week = $65. Next week's Expected Move is $50. I don't like it. I don't have to like it. Why do I care? Historical volatility is still outpacing implied volatility. $50 is what we moved in 1 trading sessions last week and right now that same move is what's priced in right now spread over the whole week. I didn't like last week's $65...
Volatility - Retesting recent LOWS. CBoe VIX is going up today and coming into CCI buy zone, good for shorts and better buy entries.
"Two Corrections" - February and October 2018 Pattern symetry.