ATMP trade ideas
$VXX daily-Falling wedge
-Multitude of bad economic indicators
-Volume falling with wedge
-RSI slight bullish divergence
-sitting on volume shelf
VIX/VXX Analysis since Feb - RSI divergence showing Bull FlagCurrent RSI divergence indicator is showing bull flag. This indicator has been right (4 of 6 = 67%) more than wrong.
VIX/VXX Almost exact pattern match to S&P 500 drop on June 11th!Update from Friday mornings analysis. If it goes just like June, then look for potential big gap up in VXX Monday, possibly Tuesday.
VIX/VXX Same pattern forming as S&P 500 drop in JunePattern looks almost identical. Something to keep an eye on.
VXX 07/31 30c1. Extremely oversold on RSI
2. 30 psychological support level
3. Bounce off lower BBand
4. SPX reversal on daily charts
5. Price target $35
LONG VXX (CFD)Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
VXX - Back in Falling Wedge Failed Breakout? Building momentum to eventually break out? Not sure but back in the wedge, combined with the resistance the S&P500 just broke (island reversal from recent times negated), it’s looking like some gaps will be filled downwards. Still looking for 23-25 for a bounce.
VXX 14 CallExpires 12/18 I have a feeling our robinhood pro traders may get to experience the VIX ripping hard before then ;)
VXX AB=CD Bearish patternTo the penny VXX just today satisfied leg C of a legitimate AB=CD pattern.
Target 29.84
GLTU!
$VXX Daily zoomed out-RSI at inflection point
-Falling wedge since 3/20 high
-Smaller falling wedge since 6/20
An Idea for a New Direction!Looking at the two channels I’ve drawn here with a long position already in play at 33.03.
The Battle of the VIX 7/11/2020This is the VXX (ETF for VIX Futures) at the 4 hour view. The green line acted as support back in February when the crash happened. The top two candles then formed a resistance line ever since. I have the end of this triangle in the middle of next week. This battle isn't over yet. If the wedge breaks to the upside, then volatility may be back in the market.
As soon as I connected these dots, I saw a correlation of why Credit Suisse decided to delist TVIX. If this breaks to the upside, Credit Suisse would be paying so much money for TVIX...
VXX (VIX Futures ETF) 7/9/2020This is the VXX at the hourly. The VIX has been stuck between a downtrend resistance and an uptrend support. This wedge may end either tomorrow afternoon or Monday.
VIX is setting up a pattern for a possible breakout. I am saying that because I see a bull flag pattern at the hourly now.
VXX - Possible Falling Wedge Target for the end of the range marked. Looking for a bounce around 23-25 area. Once the wedge breaks, confirm the back test, then I’d short the market. Not until then though.
VXX - LongLong into close at 33.87 for me.
SL - Give it a little room, have a little patience, will post SL shortly. Might have liked to short IWM but none available to short into the close.
LONG VXXExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Long $VXX 07/10 $39 Calls hereLooking for a good trade here as the $VXX is ready to change sentiment.
