Get ready for an ATH.... you heard here Long S&P 500 for a bounce, this will break all time highs. No volume on the sells which means more shake up north. Vehicle sales are crazy on December. Same thing that happened during summer. Rinse an Repeat of summer but winter
Could be another bear flag, but who knows.
Here is the Ichimoku Cloud for SVXY. Found in this indicator is a hidden cloud between the Conversion Line & Base Line. As mentioned, this 2nd cloud forecasts a change when price enters its range. Additionally, the Bollinger Bands indicate a potential breakout soon. docs.google.com
It seems like it wants to touch that top channel. I'll long me some for a swing trade up. Sell at channel
This should short squeeze all the shorters. Behaving and bounce off the channel. Long some SVXY here.
Nice bear flag on 2H chart points lower for this one.
Channel Identified, Rate of change is rising. I expect some form of bounce tomorrow. How much is yet to be determined, this should catch some shorters based on past volume
My last SPY call went perfect. Market keeps moving the counter of expected. I shall behave and follow the market... Long SVXY Graph should be sell explanatory. Short-term test of that resistance. Long-Term is Iffy
Reason I say this is because SPX has to test 3k and when that does and it will this stock SVXY will be HIGH DEMAND.
Longing this bad boy, chart self explanatory. Banking on a follow of the market. Will watch closely for exit. Should follow
SVXY is painting a Head and shoulder pattern. We break through this resistance area $55 will prove to be a tougher nut to crack, and dovetails nicely int Fed meeting.
Short Vol ETF SVXY looking like a good risk/reward setup. Long with a target of around $50. Looking to set a stop around $45 in case we're wrong here.
Possible that the markets bounce and vix will lose steam from here. Short trades are crowded.
Have to respect the trend. Think we see another 10-12% upside here in conjunction with a $SPY & $QQQ meltup.