Libertas91

SPXS week of 30 Mar 2020

AMEX:SPXS   DIREXION SHARES ETF TRUST
VWMV with weekly +/- 1-3 SD (reds & greens) and daily +/- 1-2 SD (blue).

Comments

thanks for your charts. what does VWMV mean and do you feel it will go to 27 by april17?
Reply
Libertas91 Ginossim
@Ginossim, VWMV is the Volume Weighted Market Value. My charts are based on the philosophy that value is a range not a point, and that the market is a voting machine. Essentially I'm applying the electoral college math to price and volume. The product becomes a fairly reliable set of support and resistance lines. The math helps me trade week to week,so making predictions is out for me, but I believe we're in the beginning of a bear market and this recent rally will fail.
+1 Reply
does this mean I should long the shorts?
Reply
Libertas91 Jhnlxprk
@Jhnlxprk, that’s my bet, especilly after observing the Fibonacci retracement on the DJIA.
+1 Reply
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