VIXY_
💸VIX Falling Wedges, BKX Head and Shoulder chart💸I will be looking to take $BKX short next week, early. Price to watch for VIX are upside at $40.
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I will be looking to take $BKX short next week, early. Price to watch for VIX are upside at $40. For any bulls trying to buy this market (short VIX, Long SPY;SPX), just know that there's never been a SINGLE bull-market in history of time that has thrived with vix above 26. This being said, the entry for !BKX is fundamental in nature, and will relate to my long bias for the DXY, and short bias for the SPX-- within the allowance of their -80 and higher correlation.
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ridethepig | VIX Panic Cycle?📍 The main function of the VIX appears to be miles ahead of the relevant flows. In this sense, it itself tends to be mobile. And yet (for it has great vitality!) it is not rare to witness it display considerable activity. Namely:
1️⃣ From the initial ' Swing the Vix into Fed and Q close ' the Vix was prepared .
2️⃣ A certain elasticity, which shows itself in the 'Capitulation Waters' was appropriate to generate the energetic slingshot given the appropriate circumstance.
3️⃣ The journey looked so promising, connection breaks in Vol are usually one way express trains. Stay long.
4️⃣ If we can continue the advance in the absence of capitalism, we are set for a measured return on the expectation of normality but only with more clarity on the timing side. Once reality hits shore, the masses will realise they were sold a turd.
5️⃣ The home run!! A flawless (and serious contender for trade of the year btw) 600%+ swing from the 11/12 lows all the way to 85. Now to put the icing and sprinkles on top, we had to take care of business at the 85 highs.
6️⃣ ...here we are. After a round trip we are back to the strong support at 25 and just below the centre of the flow at 38. The power to develop knowingly here and systematically, unlike during the middle of Covid is to the buyers advantage. The effect of the cycle ending will convey more than one quarter's worth of damage. As soon as the stabilisers (stimulus) is turned off, we are heading for a Sovereign Debt Crisis .
5 Things Happen When a VX ETN Crosses the VIXThe VIX, VX Futures, and their derivatives are interesting because they all:
a) theoretically lag the S&P but sometimes don't, which is troublesome
b) serve as excellent S&P trend confirmation
c) are key and highly misunderstood mechanisms within the broader market fabric
d) are based on revised logic that assigns a number to "volatility" based on the weighted average put/call spread on the most out-of-the-money S&P futures contracts
They also provide near-perfect trading opportunities when certain thresholds are reached
Crossovers between the VIX and its ETN derivatives is one such threshold
5 Things Can Be Observed & Acted Upon When These Crossovers Occur
CBOE:VIX AMEX:UVXY AMEX:VIXY
[TVIX] June Price Target Exit Points... You're Gonna Need ThisOk 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 off my $150 TVIX at $100 because it was all smooth sailing the whole month. So f*ckin be it. I'll hold my head high and take the L.
But I aint missing a play that could pay up to 5x (proven just two months ago) within a couple weeks when fundamentals are the worst in a century and the global economy is running on hopes and dreams lol.
What a setup.
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Today the price hit the lowest we'll see in awhile at $138 and climbed to $144 by close, that's the bottom.
I also expect that we move out of the buy zone by June 5th and begin harvest preparations.
You're probably reading this after the spike but here's the targets for the few active TVIX riders out there:
Buy Targets:
>$280 = Do not buy (risk/reward ratio starts looking substantially worse here)
$205-$280 = Okay value
$180-$205 = Good value
$150-$180 = Great value
<$150 = You're crazy like me
Sell Targets based on Volume Profile of spike two months ago:
$390 - Will sell 20% of my shares
$600 - Will sell another 20% chunk
$750 - Another 20%
$920 - Another 20%
Best Value - Final 20% trying to catch the peak :)
If at any point a peak looks imminent, prior to the estimated peak here, will dump all. Not trying to be a hero here.
Lets hope for a bountiful June harvest :).
VIX- SPX Comparison for Shore BiasThe depression to recession phase that the U.S. is in right now, doesn't classify as a recovery. A recovery would be a year over year basis quad 2, which we are far from economically. Volume was up 36% from a one month average yesterday, and yet the SPX had a downday? Why? It's simple, sectors. Energy, healthcare, and cross asset asset volatility at 51, for treasury bond bulls this is a prime indicator for me today.
Gold volatility up 45%, that's a 65% gap between the russell 2k or gold.
[TVIX] 1D, 4H, 1H and 30M All Lined Up for ReferenceMostly reference purposes here.
What an epic setup.
Buy Signals:
1. RSI flipping from buy to sell on the 1D and 4H and holding closely to the sell dashed line in the 4H or 30M
2. OBV trend change, up or down in the 1D or 4H overall but here the 1H and 30M will give quicker signals of the trend change
3. 1D VPT as RSI flipping from buy to sell and 4h holding close to sell dashed line, 1H should hold to buy dashed line at start of uptrend, 30M should be very volatile crossing both dashed lines back and forth frequently.
4. MACD on the 30 and 1H breaking through zero (We've got 3 beautiful waves in both charts that are still waiting on a fourth due anytime *cough*June*cough*), MACD lines on 1D and 4H primed to break up too
5. POC trending 30M>1H>4H>1D (This ones tricky to dial in properly but that's the idea)
There's a lot more there, just some zoomed perspective for all the TVIX riders out there.
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ridethepig | VIX Positional PlayLet me begin by congratulating all shorts from the 85 highs , perfect timing in another flawless VIX swing traded live together...btw that is now sharing its significant anniversary moves with a historic crash in Global Equities. Mission accomplished! Sellers of Vol can now really consider themselves as an integral player caught in decent profit taking areas which also happen to be the middle of a WIDE range and to put the cherry on top, buyers of Volatility are still under further protection from the virus impact.... it's time to pay attention.
As you look at it be sure to notice how the inner strength which belonging to those who bought the initial breakout, failed immediately on the 85 target as expected. We could go on to consider many points which are worth considering, but for the sake of today's example we are going to look at the bullish cash here. Before we turn to the next strategy, we must sum things up:
Volatility Cycles you see, project a point in defensive or attacking behaviour as they expect strategic advances of capital flows. It always comes down to the same situation: any swing complex which could be called sound, must always take in the brutal component of Volatility. It is the centrepiece for measuring confidence...and the return to 'normal' life after covid-19 (whatever that means) is all down to confidence. How fast the consumer comes back and managing these expectations is the one to track and it boils down to whether people have the confidence to return to hotels, travel, shops, bars, restaurants etc.
The great charter we have traded together so far has played a vital part in predicting decisions and the economic cycle down.
Now it is no surprise...It was an essential ingredient for the insane moves I forecast right on time in Unemployment claims.
Economists are the unsung heroes of the financial world and their role as academics will only be recognised by politicians by the time it is too late. Selecting important movers and shakers, preparing flows and insuring facts and history align and summarising the strategy precisely all require expertise, intelligence, care and effort. The moment one starts the think about it, one realises how great an impact economic strategy must have on the development of finance.
The VIX is in a position of being able to bring together its own herd of early sellers - those betting on the virus to be a one and done quick bounce, then everything is neatly protected again and the shepherd can turn to other matters with a clear mind. No...the stupid sheep will run away from the shepherd - watch-out for the flock, smells to me like the virus ending has one final manoeuvre and a sweep of 100 for a blockbuster headline would be an easily won ending.
Remember, the necessity for sellers to clear shorts from the 85 highs is both strategic and planned! We are entering into key value support. This case for a fresh high in VIX would coincide with a fresh low in Global Equities, another round of demand for USD on the G10 FX board (see related ideas below)....it opens many doors, correct handling of the strategy indicates an extremely difficult few weeks ahead and requires exact knowledge of how to play the advance. So I must leave you, dear reader to your own devices, and hope that fate is kind to you. As usual thanks for keeping the support coming with likes, comments, charts and etc!
VIX March 27thThere have been too many noises in the market recently, and most people have neglected that in a real economic downturn, the volatility will not drop after a spike. During the October-November 2008 financial crisis, VIX went back and forth four times between 70-50. What's more, it is currently at a high point of several generations. Only the Black Monday of 1987 and the Great Depression of 1929 has appeared. @ARTEMIS
VIXY Band RangeAs I only have been following the VIXY for the past 2 weeks, I believe it will obviously indicate a multitude of factors, all of which include:
- financial stability
- virus impact
- speculation
I would love to hear inputs from others on what might be happening, as I believe that this ETF will not trade under the 30s for sometime, and will fluctuate based on the VIX range of 40 - 70 (unless additional crisis factors arise).
ridethepig | VIX Completing the Swing to 85!!A Vix swing, which did not require "majority" or "consensus", rolled forward under the noses of retail and even some of the larger macro hands. It advanced incredibly far reaching a high of 84.8 ... Don't be a dick for a tick !!! Finally there is an opportunity to clear all targets in the breakthrough.
As an example of this, let us turn to the well-know chart VIX - Capitulation Waters.
There followed the initial 38 target and 85 extension. The attack was carried out with sufficient substance via Covid-19, if the panic subsides or is reaching a "peak" then Vol must fight for places to make a stand. So the natural indications are 38 and 25 (now that sellers can advance once more).
Until this excellent swing was played, the closing of the highs was more of an ideal than reality... Coronavirus turned this ideal into the said reality. This corresponds to the process I have remarked on, that the notional restraint of price gives way to an information block.
So much for the strategic and theoretical manoeuvre, the practicality of VIX at these levels creates two new inevitabilities:
(1) ... Recession
(2) ... Consumer Confidence reaching decade highs
Here I would like to point out that, selling VIX remains the correct strategic plan; you can see why in the note in Gold's move. Buyers forsakes the main plan - and tries once more to get in the 1700 highs; but only manages to do so because sellers failed to spot a subtle resource . Naturally in VIX it is pragmatic to aim for 38 and 25 driving Vol buyers all the way back, but one must not go so far as to subordinate the strategically necessary plan to the idea of recessionary effect. As a whole, the classical weakness for art!
Thanks as usual for keeping the likes, comments, charts and etc coming! I hope it has helped, finally time to unwind a flawless +500% swing to the topside from Q419. Well done all those that caught the move!