UVXY (Daily) Potential Ascending Closing Triangle. 50-200 sma Squeeze. OBV uptrend support. RSI support. - Leveraged ETF ( Very volatile and very risky ) instrument. - Only for short term trade.
Selling options for income is one of the best conservative ways to increase returns. When I sell an option contract, I am selling a financial insurance product to the market. I am acting as the underwriter of the policy. For this particular market, I am selling the policy with the coverage at a strong support level. Please keep in mind that this market is...
Based on the way the UVXY has been trading as of late, it looks like it will maintain this current range (lime green lines) for a little longer. One more move up between $35-36 then it will meet the top of the current trend (green line) as it crosses the longer term downtrend that has held since 10/16/2013 (red line). I really don't think the red line will be...
This chart shows you why you don't have to trade every tick. Look for good setups, and ride them.
A break up, out of this diamond formation takes this to almost 40 !!!
A creative diamond formation in the UVXY. Respect the break in either direction.
DEC09:At the 23.50 Resistance Level. Above 55 and 144 EMA pair, in the green territory, Oversold with increasing momentum and officially reversing the trend to the upside. This year we didn't have the "Sell in May", we had the "Sell in April" month, and why not? last rally at the end of October was like too good, to the point that it makes me think we had already...
Monitor the bull wedge, and the positive RSI divergence closely.
Nice RSI divergence in UVXY will probably lead to a nice oversold rally.
UVXY getting close to breaking out of a falling wedge.
UVXY became a buy when it crossed the rainbow moving average, and the slope of the moving average stabilized.