If you've been following me for a while, you know that I've been warning of a crash for some period of time, and now I think we're within weeks of that playing out.
I've largely been bullish for the past year, with periods where I thought things might fall, but now all of my upside targets for BTC have been hit (minus GETTEX:54K which is still possible) and...
***THIS IS NOT FINANCIAL ADVICE***
Bullish Divergence on VXX and appears to be bottoming out, couple this with the BEARISH divergence on SPY daily chart (since December 13th-14th 2023) and FED's BTFP ending March 11th, Im willing to take the risk and see where this goes. Will post an update come mid march.
In line with the earlier posts about SG10Y and Combined US indices, the VXX is showing similar spiking potential.
Observable with bullish divergence of MACD and VolDiv and a bottoming out of the VXX with a strong bounce off support
TVC:VIX AMEX:VXX will be great adds as AMEX:SPY falls due to NASDAQ:NVDA downfall NASDAQ:TSLA will touch $420 soon . NASDAQ:SOXX will out perform AMEX:SPY yet again. Estimating TVC:VIX / AMEX:VXX of highs of 36k if AMEX:SPY downfall return back to 10% price $98 i'll let you guys decide on "politics"
Volatility looks like it's forming an inverse head and shoulders, which is telling me that if price is to hold at the lower resistances, it should setup for a great long term buy and also start a more violent selloff in the S&P.
I'd play this through options. If price holds that $20-21 region, then I think it's a good time to buy March 2024 calls or Sep 2024...
Over the last couple of days, the previous posts have been showing a number of indications from various perspectives about a financial market breakdown, and here we have an essential heads up... VOLATILTIY.
I use the VXX ETN for the metrics it provides, albeit its idiosyncrasies.
August into September, a breakdown into a lower range indicated that a RISK-ON...
VXX is setting up for a bounce after completing a motive wave down.
Initial target is a 0.618 retracement to around 24-25. It will be explosive and begin after the FOMC 9/20 around 2pm.
After this initial pop I’m expecting consolidation or slight pullback before the bigger move up in October/November 2023
This will correspond with S&P beginning C wave to 4200s...
Just icing on the cake for more shorts this week. Retraced to .78 and holding into close and after hours. Even drew a little FVG fore more confirmation (which I usually don’t pay much attention to). I’m expecting this to have a very nice pop going into the rest of this week and at least to $27.30. Good luck!
This is the VXX (VIX ETN) and can be used as an indicative heads up to the equity market volatility. We are now at a rather unique point where the rubber band has been stretched so far, and at a point where you can just feel the tremor of it about to snap…
The daily chart of the VXX has been falling over the months, and in recent weeks, there is a long term MACD...
I know everyone thinks volatility is dead because it largely hasn't moved for the past year, however, I think that could be changing in the near future.
The market has largely felt similar to how it did before the covid drop. People ignoring the risks right in front of them and blindly thinking the market will continue up.
The chart is telling me it might be...
Bought July $45 put for $11, my break even point is $34
I don't think we are going to default on debt, even if that happens, it will be a very short of period of time.
Let's see.
bought June 16th $34/$35 put vertical for $0.46.
I expect that the debt issue to be gone before the end of May or in early June.
My profit will be 0.54/0.46 = 117% if AMEX:VXX is below $34 by expiration.
www.screencast.com
You see how low it is that called complacent no FEAR
see where she rose and spiked up FEAR
Well get ready this is when she breaks and market collapses
When not sure but its getting close why well
look SPY going no where
look IWM XLF under all ma
QQQ one leading and she is showing signs dropping
Be careful more regional banks will collapse its...
Opposite of a Rising wedge and found after significant moves to the downside.
A falling wedge is bullish if the top trendline is broken with conviction. It has not been broken except by a candle wick.
No recommendation.
Hammers can be red or green.
Watching the VXX, the VIX ETN, can be quite interesting. It has its own idiosyncrasies, but over the VIX index, this ETN has volume data and charts better than the index on patterns, break outs and break downs.
It appears that there has been a bullish divergence of the technical indicators particularly the VolDiv, and less so on the MACD. Nonetheless, it is...
Just noted that the VXX (the VIX ETN) is showing a bullish divergence in both the MACD and the VolDiv as it returns to the consolidation zone and bounces near the support.
Breaking out above 46 and then 47 should trigger another bout of volatility... question is IF 58 will be a good resistance or is it to break beyond that level the next round?
IMHO, expecting a...
Good opportunity!
Bought June 16th $60 put for $14.
Break-even $46, it was $42 just a few days ago, when
the volatility comes down, it
will come down fast.
