The measured move from the head to the neck line projects future price action if this H&S patterns holds true. AMEX:VIXY has strong technical potential to rally another 25%. Let’s not forget the S&P closed below its 200D MA on Friday.
VIXY is poised for a run now. Chyna inflation going to spike ours, and FED is watching they are fully aware. They may think they have a handle on US CPI but not Chyna's. And Japan still easing against the tide of others, just asking begging for more inflation there. While third world country's currencies failing, indicating huge inflation. And we print false...
Whats The Plan/Trade/Thought
This position is a hedge as it is Market wide bullish inclined
However I gave it a good 39.7% distance from the strike to account for market volatility that I expect to happen especially with the Sep rate hikes
Risk Mitigation
The 39.7% distance from strike should cushion market volatility but also there are 2 near S&R...
Whats The Plan/Trade/Thought
Selling Calls on the VIXY goes against my market stance. But it has a good distance of 34.35% away from strike. Price action is ranging with the past volatility VIXY’s peak has still been below 24.65.
Risk Mitigation
There is a S&R lines at 24
There will be volatility and as such I have only purchased a small amount with a...
The largest index in the world is overbought(RSI) on the daily timeframe with the MCAD extended to a 2+ year high.
This same index is also nearing a pivotal point on the calendar(Sept), as of the last 2 years and several years before.
Entering the VIX ETF shown in the subject of the publishing with quantities of 100 shares(at the end of market price shown today...
The setup looks good. I would never go all in on this shit, but it seems as about as oversold as it can get. If it gets going, it will be a runway to the moon
Whats The Plan/Trade/Thought
For some reason the VXX options contracts seems to require a lot of Margin/BP to develop a decent premium. As such I decided to look at other VIX related ETFs and found VIXY well priced and from my research has a closer correlation with the VIX
Over the past year of trading options i’ve come to realised that I’m really trading...
Markets are trying to consolidate and rally to higher highs on the daily chart - but running into resistance at this moment on the intraday levels. Possible upside and downside intraday targets are discussed.
Long term markets are still long, but price action and VWAP analysis is showing weakness today and yesterday which may roll over into a further correction down in price. The VIX is a little less bearish about market direction on an intraday basis.
My bias is down or sideways. There is an increasing amount of resistance to the upside and not a lot of base building...
VIX is showing signs of a bottom and I think this will move up in correlation with the DJI gap below possibly filling. We have 200 and 50 emas above at highest target, 200ma at lower target, both match up with smart money high volume buying in theory. NFA, DYOR
