M1 : Still above the long term support trend line (to be confirmed
at month end closing !)
W1 : Within an ongoing downtrend channel, in a downtrend (red line) and below the clouds.
Still below all important indicators such as Mid Bollinger Band, Tenkan-Sen and Kijun-Sen.
Nevertheless, this week price action is showing, for the fist time since several weeks, first...
Vix has broken and closed below the descending trend line that's been in place since 2020. A solid close below (similar to the DAX 30 Bullish break) suggests continued moves lower for the vix and less risk aversion amongst investors. Will lead to further gains for US Indices (SPX broke 4000 today) as momentum continues rather than fade as overbought pressures...
The VIX dropping below 20 for the first time in over a year would be hugely significant, and most likely cause a breakout in SPY towards 400.
It's currently hugging that level in anticipation of the FOMC meeting tomorrow which could well be the catalyst that pushes up over the edge.
I'm thinking to make a nice play on my upcoming correction belief.
Only option I have with my broker is VILX, so started looking into it's history.
Only makes big money with big crashes / corrections, and I think we have two on the way.
Data was so small for the main chart, but looking at the RSI here, some very interested volatility wave patterns.
I'm 100% certain a big correction is coming (possibly barring any stimulus that may scupper this, likelihood is it could even be the cause!) start of Q2 2021.
I want to make a Vix play on this and this is my only option with my broker so been taking a dive.
Straight away, arcs of intent everywhere, clear ebb and flow patterns. Being a fib fan, especially in waves...
Been having a bit of an issue with my upload speeds so haven't been too active here, but thanfully this video uploaded!
There is a lot going on in the markets right now, and we surely do expect some big moves to come from today until the end of the week, and BEYOND!
Hope you like the video!
If it can break this resistance line, then we may see the genuine fear!
I wish you good profit!
- The index, stock, commodity, etc. I share here should not mean that I personally take a position.
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There going to be no more published charts folk! However...
Feel free to study all of my published research to date via my Avatar. I will continue for the time being with my research using Trading View but will only be publishing private idea's from now on. Thanks for following!
Technical analysis supporting fundamentals of the 2nd wave of virus globally, unemployment rising etc. etc.
- Bullish supporting trendline.
- 4hr chart showing higher highs and higher lows.
- price looking likely to open at the lower trendline.
A higher low forming around the 26.00 level could be a good long trade entry to catch the next bullish...
So i've been long VIX since from 29.3.... and I am only really using it as a hedging instrument, yet a profitable one.
The economic factors which are at play due to Covid-19, but by just as much of the impact the economies of the world have suffered indicate to me that the VIX is an excellent hedging instrument in these uncertain times.
As of recent, "bad data"...
The CBOE Vix index has bounced off of the 200 daily moving average and retraced over 70% from the march 2020 highs.
Looking at the news of shares fo bankrupt companies being bought and pumped, stock indexes making all time highs whilst there is zero fundamental reasoning makes me think this bubble will burst. Maybe not right away but quite possibly we will see...
It's my opinion that the markets are acting irrationally and have regained losses very quickly when both the fundamentals and technical analysis show a more bearish view. The VIX has an inverse relationship with SPY as well as other markets. Currently at 40, but reached 80 near the end of March (24th,25th,26th). There is likely a recession coming for many...