Some people wanted another chart for a similar symbol (TVIX vs VIXY). Not everyone can trade same ticker. Not trying to duplicate my last post. So....this is for the hommies LOL
RSI getting to all time low - about to turn BULLISH. Same pattern as the VIXY chart - confirmation that we will see VIX increase. Happy Holiday$ :) Bannana pattern ends around December 1st. SPY, AAPL, and GOOG (GOOGL) all seem topped out and maximum RSI around....December 1st. Seems like we are about to see some action.
Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
Hi, I really liked this idea. Can you update this idea with the post - reverse split prices?
Thanks!
MoneyPatterns
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@cedarfox, Yup. No problem. What date is the split?
Side note - All that normally changes reverse split is the price on the side bar. Pattern doesn't change.
CNBC had an analyst seeing VIX at 30+ by March 2020. :)
One-World
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Thanks for sharing. As my personal experience, I feel the same rebound coming but the market and news seem to be cheerful these days. Just FIY, I've been holding JNUG for at least 2 years and it could also be fun to calculate and invest.
MoneyPatterns
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@piscitear, Thank you for your comment. I appreciate the dialogue.
Everything is cheerful...but the market is overbought, at all time highs, with massive government debt, and massive corporate debt.
Does not sound like the time to buy to me. I give it till end of 2020 or sooner for a pullback in the entire market.
If you would like me to chart JNUG for you, I can do that. :)
Would you like me to chart JNUG?
One-World
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@jbird7839, @jbird7839, Thank you for your response. From 1-yr chart I noticed a graduate decrease of daily volume although the market is breaking records everyday, usually that causes a correction or big sell. Would love to hear your thoughts on JNUG too :)
MoneyPatterns
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@piscitear, Haven't been watching volume but I will take a look at that.
Jbird should have a chart up for tomorrow for JNUG. haha
MoneyPatterns
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@piscitear, I posted JNUG for you.
Outter Space View and Daily. Happy Thanksgiving. :)
Thanks!