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.
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.
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.
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.