SVXY rises on returning greed or trader confidence LONG
SVXY runs inverse to UVXY- it was trending up for weeks but fell off the
cliff with the VIXX spike on the fed news of the debt rating downgraded
( like the US posting an earnings miss) a 7% adjustment in almost no time.
The analysis now is the red candlestick pattern is that of inside bars,
a Doji then a green bar and a red. The zero-lag MACD has had a line cross
under the histogram showing bullish divergence coming into that indicator.
Price has come to rest for support on the one standard deviation line below
the mean VWAP. From this analysis I will take a long trade targeting the
POC line of the volume profile 87.5 as the final target for 66% of the trade
after taking 33% off at the mean anchored vwap at 85.85 The stop loss
today's pivot low of 82.85. This offers a very favorable risk to reward as
trader positive sentiment recovers.
cliff with the VIXX spike on the fed news of the debt rating downgraded
( like the US posting an earnings miss) a 7% adjustment in almost no time.
The analysis now is the red candlestick pattern is that of inside bars,
a Doji then a green bar and a red. The zero-lag MACD has had a line cross
under the histogram showing bullish divergence coming into that indicator.
Price has come to rest for support on the one standard deviation line below
the mean VWAP. From this analysis I will take a long trade targeting the
POC line of the volume profile 87.5 as the final target for 66% of the trade
after taking 33% off at the mean anchored vwap at 85.85 The stop loss
today's pivot low of 82.85. This offers a very favorable risk to reward as
trader positive sentiment recovers.