VIXY / TVIX - Bull Flag - Inverse Relationship with SPX/SPY VIXY is forming a Bull Flag as SPX (or SPY) forms a Bear Flag.
Price is reaching out to 10WeekMA just like SPX.
The inverse relationship continues between these two, which confirms to me that the "hidden trend" is still in play.
We are basically consolidating on the way down.
Much like oxygen masks come out when a plane goes down to keep people calm, they are slowing the descent to keep people from panicking.
Exits
Exit 1 - I am waiting to pink line/top gap fill. Looking back I see VIXY filling all Daily gaps - despite it being full of gaps.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY and AAPL.
TVIX
VIXY / TVIX - Weekly ViewVIXY just turned bullish on trend for Weekly view yesterday.
We have close gaps to fill above to $20.
RSI has bullish divergence on Weekly view. Normally goes to 70 before calming down again.
Looking at VIXY, SPY, and AAPL together I think the bigger picture is we are headed lower.
Market is overbought. All these charts are correlating together in direct or inverse relationships.
Massive gap fill opportunity at $55ish (when market goes into massive correction we fill $55 gap).
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY and AAPL.
VIXY / TVIX - Volatility Pays $$$ - Not Done YetExit Points
Top gap fills or pink resistance line around $19.
RSI at 75 exit. Last two bullish runs RSI topped around 75 before downtrend.
I think we are just getting started here. Bigger money coming in!
Unusual Activity 22K ATM Calls on VIXY purchased TODAY. John Najarian uploaded a video.
Can't believe I beat this dude to the punch. Charts rule!
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This confirms to me that SPY downtrend and DJI downtrend continues. Stay frosty and on your toes my friends!
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY and AAPL.
VIXY / TVIX - Turning BullishBuy signal triggered on Daily.
RSI divergence is bullish. RSI still at 30 ( oversold).
Fisher Transform shows trend flipped bullish (need to watch to make sure trend stays bullish).
Gaps to fill above price and past 10WeekMA. If price goes above red zigzag, then I believe we fill top gaps to $20.
SPY is showing a Sell signal on the Daily. I will update chart shortly. SPX chart was updated this morning.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
VIXY - Up Gaps to Fill & Pattern End Suggest Upcoming TurmoilNote - When dealing with VIXY and other VIX derivatives, keep in mind these are "volatility" plays. This means using risk management, stop losses, and price alerts IS A MUST.
VIXY and VIX related derivatives look to have some excellent short-term and long-term potential. This also confirms for me the SPY downturn coming.
In the past, VIXY has closed all gaps with the exception of 2 recent price gaps and 4 other gaps going back to June 2016.
As the gaps are not too far back in time, the price is irrelevant to whether the gaps can be filled in my opinion.
If we are close enough, meaning a few years (maybe even a decade) things can flip and gaps get filled.
Short Term
Repeating banana pattern is ending in days. By 12/1 we should see some kind of issue or spike in VIXY.
Two recent gaps up are easy to fill, up to $20.
We should hit the pink top resistance, and go back down (allowing for entry to short, but puts, or call credit spread possibly).
Long Term
Pink main wedge is coming to an end around April 2020. Bond yield curve inversion happened August 2019. Around 8 months. Coincidence?
We have EPIC gaps to fill above. I could be wrong, but this could also fulfill 10X potential. Stock is $14 with gaps to fill up to $200.
At this level, this is extremely cheap insurance if market goes down.
If I were to buy the stock, I would set stop loss limits or be willing to dollar-cost-average into the stock from here, and willing to hold for 1 year or more.
If I were to use options, I would play the reversal points of bottom (now) and top ( in a few weeks or less).
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
VIXY - BULLISH - Making Turn TodayWatching SPY and VIXY recently and the inverse relationship between them.
VIXY is at all time lows, RSI bottomed out.
SPY is at all time highs, RSI topped out.
Perfect time to do a Bullish Put Credit Spread on VIXY - collect the premium. $340 risk, $2500 reward.
Then buy SPY put 30 days out. $485 risk, unlimited payout (but realistically $775-$1500)
We should see VIXY and the VIX related derivatives bullish through December.
The charts are overly suppressed for long periods of time.
If price is like a beach ball held under water, the longer its held down and deeper....the stronger the rebound towards the surface.
I will update this chart for as long as I am in the position.
What is a vertical credit spread?
It's what insurance companies do - collect a premium, and if sh*t doesn't happen they keep it. If it does, they pay you with your own money.
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Previous Charts
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
VIXY - Get In or Get Left OutVIXY and VIX derivatives are ready to spike.
RSI, MACD, Fisher Transform, and Filter Dots all show reversal coming in next 5 business days.
There are 4 gaps to fill, indicating a possible 44% positive correction to around $20 for VIXY.
The reversal period is short here. I believe it may last until Christmas.
Going to green curved line (Gaussian Channel midline) would be normal given the chart history.
November 26th or sooner, I feel we will exit the current pattern up.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
TVIX - Same bannana pattern as VIXYSome people wanted another chart for a similar symbol (TVIX vs VIXY). Not everyone can trade same ticker.
Not trying to duplicate my last post. So....this is for the hommies LOL
RSI getting to all time low - about to turn BULLISH.
Same pattern as the VIXY chart - confirmation that we will see VIX increase. Happy Holiday$ :)
Bannana pattern ends around December 1st.
SPY, AAPL, and GOOG (GOOGL) all seem topped out and maximum RSI around....December 1st.
Seems like we are about to see some action.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
For the VIXY chart:
VIXY - Reversal Area - Bannana/Shoe PatternI have heard this pattern be called a "shoe" or a "bannana".
Downward straight trendline with curved supporting line (more than 3 points of contact).
Pattern repeats in VIXY chart as seen.
Bullish reversal is short 7-10 days.
We are currently in the bottom of the bannana, ready to breakout.
RSI shows wedge pattern as well, indicating breakout in RSI. We are close to all time low RSI.
I was able to use a bullish Put Credit Spread here for 5 contracts 12/20/2019 14/19 spread ($3.83 each) and take an upfront credit of $1925 for $575 risk.
IV is over 60 for both put options in the spread.
Theta works positively for us here and we should see VIXY spike during Christmas.
This trade has over 70% probability of success based on the numbers. Please see the videos below and do your own research.
For excellent free training on options (Options Industry Council) www.optionseducation.org
How Theta works positively for us as sellers - www.youtube.com
Bullish Put Credit Spread - www.youtube.com
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short AAPL.
"Volatility" coming soon to theaters near you!11/15/19 marks a 1:1 time ratio from the first spike at the beginning of 2018,and the next at the end of 2018.
We might just see a jump to $15 if the S&P keeps making higher lows, but if we pass this green line, hang on for the ride cause it could get screwy. Falling wedges are generally considered a bullish pattern.
TVIX VIX - Volatility Approaching Support - Watch for BounceTVIX is approaching support around 11.50 and consequently VIX approaching a critical support since July 25th set at 14.00 - 14.20.
Watch this area closely for a bounce and for the volatility to rise.
Trade deal was weak as expected, not much substance in my opinion to give the markets the rise they need. December all over again? Watch this closely!
Not to be given as advice, but I have made good money on the volatility this year. I will be entering anywhere under 11.60-11.70 and setting a tight stop loss.
VIXY - Bullish Uptrend VIXY, VIXX, TVIX
All looking to make the turn higher. Using the VIXY chart (all charts are almost identical except price), we see Bullish EMA Cross incoming.
If we close above the 1HR Gaussian Channel, we turn Bullish / Green and continue higher for sure.
Updates daily on VIXY until we reach target or pattern breaks down.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
SP500 - SPX - To Move Lower, Recession Awaits Pt 2 As stated as an update on my previous post, we have moved toward the option of tracing highs to 3040. This is now looking like the most likely option, making one last touch before heading down at or before October 11th (projected). This is where several strong lines of support and resistance meet. This option looks likely as we could be setting up for another ascending triangle to reach that new high of 3040.
Another option is to over extend into the 3080 area where a bull trap is set and moving lower from there.
Either way, October is showing many similarities to the Great Recession stock market crash. Treasury 10y-3mo looks to be inverting back positive soon also.
Last option is that we have made a double top and will move lower from here.
Overall, I don't think it will move higher than 3100, the only way this is possible is if trade talks are fully dealt with. I think what will happen is October talks will come around, there will be no deal since both sides are stubborn (one more than the other) and we will move lower by December, possibly replicating what happened last December.
Remember, strongest RSI divergence on ALL graphs - this must end at some point.
Here is my final prediction, will wait for October 11-25th!
TVIX - The GameFed lowers interest rate by a quarter-point, many on panel see another cut this year.
0.25 today , one more cut this year.
Market is not happy with this so I think volatility will come back and the stock market drops into its DCL in the following days.
Time to load up up with some TVIX shares.
Building a TVIX PositionWhat's up fellow traders
TVIX looks really interesting at these levels with current economic circumstances.
My goal is to build a long position if volatility start squeezing again to hedge part of my portfolio.
I have a risk level from 1-5 (1 is low risk , 5 is high risk)
First Trade (Risk level 1)
I have a buy order set at 12.40
Entry: 12.40
Stop/Loss : 11.75
Main target : 22.50
Like , follow and stay updated
Let's print money together :)
Two alternatives to trade $VIXVIX Alternatives:
The chart shows two investable alternatives to trade the $VIX, these assets are $TVIX and $VXX.