Mostly 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...
The most important chart in the world right now: VIX futures. That golden line at 31.3 must hold to maintain the bearish scenario alive. Notice what is doing the MACD histogram on the daily TF.
Pure technically we have seen the weekly VIX candle breach the Bollinger Band 6 times in the last 11 years with a syringe like pattern (more than 70% upside). In my opinion this pattern happens when people are in panic mode. 5 out of 6 times VIX dropped significantly within 6 weeks. The exception (rectangle shape) is the 2008 crisis. My SL will be set at the top...
Hello, Dear Friends
VIX index expected surge in next few weeks, RSI / VIX index value in support range.
And for the direction of US stock market? I bet down.
THanks!
![TVIX: [TVIX] 1D, 4H, 1H and 30M All Lined Up for Reference](https://s3.tradingview.com/8/8yMo0ftn_mid.png "[TVIX] 1D, 4H, 1H and 30M All Lined Up for Reference")
