Let me begin by congratulating all shorts from the 85 highs , perfect timing in another flawless VIX swing traded live together...btw that is now sharing its significant anniversary moves with a historic crash in Global Equities. Mission accomplished! Sellers of Vol can now really consider themselves as an integral player caught in decent profit taking areas...
VIX Daily Long Range - Thu Apr 9, 2020 19:37:51 (UTC) Thu Apr 9, 2020
Previous Close: 45.24 Upper Bound: 70.23 Lower Bound: 40.13 Bias: Long 12:59:46 (UTC) Tue Apr 7, 2020
A Vix swing, which did not require "majority" or "consensus", rolled forward under the noses of retail and even some of the larger macro hands. It advanced incredibly far reaching a high of 84.8 ... Don't be a dick for a tick !!! Finally there is an opportunity to clear all targets in the breakthrough. As an example of this, let us turn to the well-know chart ...
Slow & boring-just what the fed ordered (or printed). Our manufacturing data may be in the dumps but we're sure good at manufacturing lies and artificial markets. Volatility coiling up-watch for possible wave to (D) before retracement/sideways movement to (E). I want a solid test of upper trend line-Vix could blow through the roof or coil up for months until after...
Weekly view on VIXY/TVIX confirms the trend should be flipping to Bullish by next week. Weekly RSI trend has just broken to the upside. Recently broke out of the shoe/banana pattern. VIXY has followed this pattern for years, so I feel this is strong. Everything is lining up to next week sometime we should see SPY go down and VIXY/TVIX go up. EXITS -At pink...
VIXY/TVIX showing a Buy Signal on the Daily yesterday. Yellow bull flag formation (kind of sloppy but its there). Price currently broke out bullishly. 10WeekMA is reaching out farther by the day to reach price. Rate is currently $1 per day closer to price (which is fast). If we cross 10WeekMA, price should continue higher. Based on current rate, 10WeekMA should...
Note - When dealing with VIXY and other VIX derivatives, keep in mind these are "volatility" plays. This means using risk management, stop losses, and price alerts IS A MUST. VIXY and VIX related derivatives look to have some excellent short-term and long-term potential. This also confirms for me the SPY downturn coming. In the past, VIXY has closed all gaps...
Watching SPY and VIXY recently and the inverse relationship between them. VIXY is at all time lows, RSI bottomed out. SPY is at all time highs, RSI topped out. Perfect time to do a Bullish Put Credit Spread on VIXY - collect the premium. $340 risk, $2500 reward. Then buy SPY put 30 days out. $485 risk, unlimited payout (but realistically $775-$1500) We should see...
I have heard this pattern be called a "shoe" or a "bannana". Downward straight trendline with curved supporting line (more than 3 points of contact). Pattern repeats in VIXY chart as seen. Bullish reversal is short 7-10 days. We are currently in the bottom of the bannana, ready to breakout. RSI shows wedge pattern as well, indicating breakout in RSI. We are...
VIXY, VIXX, TVIX All looking to make the turn higher. Using the VIXY chart (all charts are almost identical except price), we see Bullish EMA Cross incoming. If we close above the 1HR Gaussian Channel, we turn Bullish / Green and continue higher for sure. Updates daily on VIXY until we reach target or pattern breaks down. Thank you for liking, commenting,...
Volatility has been at very low levels throughout the summer Currently exact mirror image of SP500 with a nice rounding bottom Recently broke above key 20.50 level and formed a golden cross (positive cross-over) Looks slightly overbought for now Expect some breathing space today and resumption of up-trend next (election) week STAY LONG (VIXX) if you are BUILD...