were hovering below a midline. all bets are pretty much off for longs until bulls prove they have at least a reasonable sized appetite to sell into weakness, and take profit at a lower weekly level perhaps covering calls or using some strategy other than being dead weight and hitting a stoploss. basically we need to see a spx bull snapback to recent daily highs...
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 5.45/61.80%
Exhaustion, Range, Breakout Could work. When uvxy worked in covid it did 800%. Even if this does 20%, to take a shot at something like that with a 4% stop is quite reasonable IMO.
whenever uvxy pops like this in a downtrend its natural to assume it will return to the bottom. except for a collapse in spx i doubt were going over recent highs in uvxy. probably end up below 4.90 again soon.
Can make a new low here but above the broken trendline. Some interesting development is happening under the hood there, be careful if long the markets after this week!
its too early to tell the weekly picture, but the daily and 4hr appear to be turning the tide for the broader market in a bearish direction, and that mean uvxy could see high $5s. if we do create a top in spx, and uvxy does begin to climb today i would only at first assume its a temporary pop, but if we truly start unravelling uvxy could see high $6s. count on the...
January looks to have painted a hammer candle on the monthly chart. The last time this occurred was January 2020 (the candle looks more like a doji in 2020) and 2 months later we formed a bottom after the commonly named Corona crash. Volatility has been in a consistent downtrend since that market bottom and is now near all time lows on the VIX, UVXY at all time...
The fakeout move in indexes was spotted since mid of Jan! Had a weekend update with the next 2 weeks' pathway and going into the Mar. UVXY is one of the tools to watch as well as DXY and bonds
Tested from the top, it might test again on Monday, but this is a very big warning signal for the bulls short term!
UVXY HOD Something is cooking, tomorrow will be fun!
Crash coming very SOON!! Ready to make a lot of cash! Let's do this UVXY
UVXY and the game of catching the bottom.. Yesterday was the 0.38.2 FIBO of Wave 4. Will that provide us of the bottom we have been looking for? Into the rabbit hole.. GOODLUCK!
0. Something wicked this way comes; 1. VVIX up 15 percent since January 6; 2. VVX rising 6 percent, with the market; 3. Vix Expiration this Friday, January 20, 2023; 4. Exactly 2 months on the options cycle with a Gamma Pin at 4000, SPY, which we got rejection at today; 5. More notes coming;
I hate to attempt to predict UVXY price action but the FED news was semi bearish, and Powell has COVID right after China had an outbreak a month ago. Is this deja vu of Jan 2020? If we can hold above this yellow line while the overall market goes side ways or tanks I think we can at least get a relief rally. If we get an unfortunate news via earnings or another...
uvxy is in full breakout mode. if indices keep hitting new week lows we will probably see new 12 month lows. a good indication of this is a lot of 52 week lows hitting in stocks, and defensive sectors rotating out (UTSL staying green but hitting resistance/visiting 4hr lows), while $tick goes negative. vix has been coiled for this move for a long time, and it...
Watching this ABCD pattern hopefully play out. Patience is a virtue
I think we can run here on UVXY but it will be hard to call. Just a scalp. This will only play out if most other markets drop. Alternative target below. Not financial advice, DYOR.
vix is a black cloud over the heads of spx bounce longs. ahead of any upward move in funds like xlf, xle, spy, qqq resistance, if a breakout in uvxy starts i would look for a major run up to fib fan and trend extend highs.