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.
The turquoise trace matches nicely for the spacial orientation of the recent level behavior. The indicators (Momentum on top, and RSI on the bottom) also appear to match each other, in-phase. SP500 crashing now? I think it has already begun! :) Follow along for updates to this idea, and many more! Good Luck, God Speed, love & Light to All!
UVXY = 3X VIX FUTURES - Last time it looked like this it bounced 1300% over ~20 days...
Wave 5 over time to fill gap for huge move that will shake the market. Not financial advice, just testing chart structure for possible impulse wave up.
Looking like a falling wedge with a backtest at 7ish, lets see if we get some volume in the next 2 days! Play it safe. Not financial advice! Just my opinion
Watch out guys! I am expecting UVXY to fly up and major Indices to drop down hard! I am fully in 100% UVXY! GOODLUCK!
Volatility has really come down during some times when you may not expect it. Will the next black swan provide any relief? We have a nice descending triangle on UVXY, the target for this is way up there at $22. Lower targets at $9 - $10. Not financial advice, DYOR. Stay blessed, trade safe.
with uvxy at all time lows and major indices still selling off a bit theres good conviction a bounce in vix may be underway as futures consolidate. heres what revisiting signal and estimate may look like.
Volatility is going up a bit, I think we should get backup to the $10 range in the next few days. Not financial advice.
I have acquired a moderate position here and expect we could see much higher prices, but for now we have some easy targets to scalp. Not financial advice.
This is how the next level collapse would look in the UVXY Volatilty derivative. The SP500 is pretty much inverse of this. Each movement propagates and grows as the crashes become increasingly volatile, as the historic inflationary levels of the entire market begin to collapse. Good Luck, God Speed, Love & Light to all!
I sold in May and went away... It worked. I am back and charting part time until the weather chills more, then full time. The UVXY is potentially playing out a bull flag with good momentum potential to the upside (stoch rsi being low and moving up). We have clear stair stepping action as you zoom out. Not financial advice. Blessings!
If the UVXY goes down to the 200ma, I think we will have an amazing bounce, albeit I think we could bounce before then. Any successful break of the upper yellow triangle line (with backtest) could prove worthy as well.
I once read a post on here suggesting that the vix was “un-charitable” due to its perpetually declining nature… or some complexity like that. Ever since then, its been my favorite :) Looks ke we have some options for a pretty big jump… and also some that show more strength in the SPX short term. Good Luck, God Speed, Love & Light to all :)
Uvxy 4 hours at supports line now = a very dangerous sign!
during capitulation selling in spx vix has much steeper move up, but right now it is making gradual gains alongside a market that is selling big names like tsla at an astonishing rate. if we finally decide to bottom expect uvxy to head back down toward signal, sss ma, vwap and bottom of envelope. if we break to new lows uvxy should head right ip outside the top of...
the fed isnt interested in saving the market. it only cares that it delays the maximum selling until late in the year. they want choppy action because this allows them to scare retail out and institutions can scale horizontally. were likely to hit signal, sss ma, trama and rebound. uvxy is a sell if we get to top of envelope or we break pivot and continue lower....