It seems we're at the inflection point once again. Maybe a day or two out from SMAs and MACDs turning positive for UVXY, and these big spikes in block trades are usually a precursor it seems to market sell offs - big players taking profits likely. I have multiple other charts that support this view with OnbalanceVol/Accum/distribution; potential slide in oil,...
I will buy at 23.50 from this point. This baby has a chance to hit 37.50 from this point. That is the goal here.
Puts in a hammer candle at S2 on daily.. Accumulation pattern looks complete for ST phase C. Ready for mark up?
Interesting, Death Cross on $VIX www.cboeoptionshub.com
Volume rising, BB tightening with imminent price breakout soon.
Here at support or breaks down gap fills below. TBD
UVXY could spike violently and fill some of these gaps. Spike is the right word as that is what they are....violent intraday spikes with V-Shaped peaks or valleys. UVXY will most likely gap up tomorrow.
230 Moving Avg. has called passed highs in the past.. Let's see if it continues.
Big boys been accumulating w/ CMF increasing. Macd lowest level in a while w/ momentum, volume, to go parabolic. 61.8 ext is not unreasonable considering compression and potential move down in market. VSBD#1 trigger at $34.34. Sto may have to cool off or it could stay OB. BB's constricted implies explosive move up.
Because of contango, patterns on UVXY are hard to read because it is a bit like a fun house mirror - you get a completely warped and distorted view of supply / demand based price movement. But when contango slows down, the distortion clears a bit. Last August the market was coming off of a depressed VIX (it was in the 10s) and volatility crept back in. On your...
It looks like the long slide in the volatility market has found a double bottom. The price entered into a consolidation triangle, the average volume has increased, there is a positive momentum divergence after the double bottom and the control is shifting to the VIX Bulls. If the consolidation is broken to the upside the market will enter into panic and will...
UVXY contango is fairly reliable except when sustained high VIX numbers are posting, The ratio of UVXY to VIX reveals contango / backwardation channels that are predictive to the degree that any trend channel is. This is very helpful as a ratio to forcast UVXY relative to the VIX. Pictured is the current channel with an elipses and "price" tags at the upcoming...
Options are a fantastic tool to create the weekly and/or monthly income that we need to support our lifestyle. Selling options is selling a financial insurance product. As the seller we are also the underwriter of the policy. When selling an option contract only one of two possible outcomes can happen...either you will get assigned the underlying asset at the...
UVXY forming another bull wedge, with positive RSI divergence.