58/60 levels next especially if we see $SPY ramp up into Fed
As a bread-and-butter, premium selling, index ETF trader (SPY/IWM/DIA/QQQ), low volatility environments are not favorable for my type of trading. My alternatives are to either just sit on my hands and wait for volatility to return or do something else, such as earnings plays or VIX trades. For some reason, I have taken a liking to shorting SVXY as compared to...
Long for the time being....looks like the yellow area could work in the short term....
Even though svxy is a little bit out of channel , but it is not touching the bottom line of the channel. Compared to other indicators, momentum has a nice beautiful upside divergence, stoch rsi crosses right upon the 20 line, which is a good sign. From the candle chart, one green candle stays at bottom and the right green one gets higher than the left red,which is...
The cloud confirmed a good resistance for going short
I see a 10% jump in this short VIX ETF. The market doesn't seem to be continuing its pullback and we won't have another fed meeting until after February.