[UVXY/VXX] Another Volatility Ratio for the Collection!This one is very interesting.
I'm thinkin this will hit the bottom purple line again in another big crash (or "crash" over many months too), maybe about half the size of March crash.
Looks like it's almost exactly repeating March mini doubletop at the peak too in addition the bigger, more obvious doubletop.
Let's see what happens! B)
ATMP trade ideas
[UVXY] Volatility Matrix: Everything Still Lookin Quite Bullish!Got so caught up in SPX I neglected the Volatility Matrix! Haven't even peeked since my last post weeks ago but everything looking great still.
We have Large BUYs on all 4 of these + VXN with only one of the 5 having any significant SELL signals, VIX, with a Small SELL and brief Short Entry Window (but still leaning pretty BULLISH overall).
This suggests an even greater likelihood that volatility will spike soon and adds more supporting data to my generally BEARISH view of the markets right now.
VXX 23.8 level breakout, needs to hold levelVXX just broke the 23.8 Fibb level, needs to hold above and form new resistance to confirm a 12345 wave formation, or be rejected, and from B-->C wave down. Just based on overall market, I am short term bullish until the election, so my primary call is down, but I will follow up should markets begin to slip. Copyright Rohan Karunaratne 2020
VXX - What's the plan?Not really sure where the VXX is headed. The S&P staged a small rally today, but the VXX kind of just hung around oscillating up and down. Usually the VXX drops pretty steadily after it spikes, but not this time. If the S&P was staging a rally I would have expected it to drop much faster. I am leaning towards the S&P continuing on down, but I am getting conflicting signals.
What are your thoughts?
VIX VXX AB=CD BEARLeg C satisfied leg AB .786
Target is BC 1.618 $17.19
Study negated if origination 36.01 exceeded.
VXX is just above a Bearish channel, anything below 23 I will add more penny puts.
Oscillation remains below 20 on a daily chart.
No one is really betting against the VIX which is odd.
Gltu!
Weird VIX PatternNot going to trade this! Just posting it to look back at later.
I noticed that the spikes in volatility appear to happen with the same amount of time between spikes. After the spikes, the decent appears to have the same slope (which makes sense given the decay in this product). Using Fib retracements, the spikes reach and turn approximately around the 0.382 level. If this pattern holds (don't know why it would) this would mean VXX declines to ~12 and around Nov 30 we would see a spike to ~20.
#VXX - Further increase ahead?
The short term future on the S&P 500 volatility index VIX, launched by Barclays Bank, is a further increase expected.
The US election is imminent and profit taking and price resetting should therefore come as no surprise.
This should increase volatility very soon.
Greetings from Hannover, Lower Saxony
Stefan Bode
VXX Long w/ channel for entry/exit positions.Everyone already talking about how this sucker is going to pop. Got in on 8/17 @ $24.83 and kicking myself for not selling at $33! Did this analysis do give myself some peace of mind!
Analysis:
1. Nice parallel channel only broken through once on LONG side and once on SHORT side.
- Can safely enter/exit trades at bottom/top of channel respectively. Note 2 price levels noted are for December 15th (post election) and show channel boundaries of $16.67 and $40.43.
- Breaking through channel is possible and on downside and would use lower boundary as a stop and look to re-enter once back into channel (quickly renter as per March movement!)
- Breaking through channel is possible on topside and this should be easy to manage. Let it test the top and if it breaks through then just let it ride. if it bounces down, sell (quickly).
CURRENTLY:
2. 30+ touches (or near touches) for chart on SMA50.
- Currently slightly below SMA50 so statistically likely to drift back down rather than crossing over and creeping up. As per above, could get as low as $16.67 (and statistically likely to bounce back up if it does).
- Only 3 were major crossovers for SMA50 in LONG direction and only 3 were major crossover in SHORT direction. Major crossovers in LONG position occurred after proper U-turn, early U-turn, and after a late U-turn (breakthrough) - so its hard to tell when its coming! (we are currently post "early U-turn"). For major crossovers in SHORT position they seem to occur only after a proper U-turn (although not all proper U-turns led to major crossover). . Hence, with current level we are NOT likely to get down to bottom of channel because we have not gotten to the top of the channel yet for a proper U-turn. Currently we are more likely to either breakthrough SMA50 (? intensity) vrs. hug the bottom side of the SMA 50 (in the $25-29 range).