My guess is the market is waiting for a fed meeting to decide the direction for me Rty looks ready to die a horrible death but we will see. I'm bearish bias right now until we see some goo price movement in either direction, maybe a lower high on price movement or break down lower on the RVX. sending rty to retestance
Volatility direction for a specific index can help your intraday analysis for an overall direction even if it minor within a range so you can take fast swings on the right side of the traffic.
RVX at the daily view. This is a project that my trading team and I are conducting. This is 4 of 9 charts (available on Trading View) that searches for clues for an imminent correction by using both June and September 2020 cases. It's a comprehensive overview that connects the charts volatility, trends, divergences, credit, and currency strength. In this chart,...
This is the RVX at the daily view. The RVX has finally reached a decision point between the long-term wedge resistance and the supports below. Currently, the RTY is in a giant bull flag since August 3rd and doing a "correction over time." A correction over time is actually a bearish in the very short-term, but bullish in the medium-term. Currently, the RTY is...
BULL CASE Channel support looms. Big volatility down trend (RVX) - possible support of 29 in RVX from March breakout. If uptrend from 7/31 in channel continues: 166 would be fill of Feb gap down. ATH's come next at 171. Multi-week, channel upside goes to 185. BEAR CASE Bearish divergence on RSI, riding up on down volume. Multiple support...
Russell Shorts/ RVX 13:35:54 (UTC) Thu May 28, 2020