ProfitHarvest
Long

[TVIX] Indicators and Support Pointing toward Breakout

NASDAQ:TVIX   None
Checkout that upward support trend from May 12th low. That is particularly interesting given the nature of the TVIX to constantly fall lower.

Lookout for ADX crossing the DPO , better the divergence the stronger the trend.

Also lookout for RVI crossing and holding just above RSI , could be a leading indicator here of upward movement. Those indicators are really both primed signaling a pretty strong buy right now.

MACD still terrifying, it's clear something has to break. I'm betting that the news dropping 1st week of June with ensure that break is downward.

I'll be looking to expand my position Thursday and probably get my last bets in Friday before close. Maybe hold till weekend but unlikely we'll need to.

Prepare for the harvest!

Comments

All in TVIX
+1 Reply
@adamans, Nice! Got another guy betting the farm here @DaddySawbucks
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What are your thoughts on holding this type of asset for a few weeks at a time? This is assuming that your harvest/thought of TVIX going up may take a bit longer than anticipated
+1 Reply
@KthiG, that's the only way to ride the TVIX (unless you're shorting long term of course, which is a great play in a strong bull market), hard to nail the window but I bought May 19th and have steadily increased my position since then and about breakeven today.

In hindsight I was definitely overconfident and bought a tad early but when you're lookin at realistic 5x return potential in a couple weeks, it's better to be prepared and take some near term losses than be caught with your pants down!

I anticipate exiting before end of June for sure, likely somewhere mid June.

Here's my treasure map for TVIX:
+1 Reply
KNUTWILLIE2U ProfitHarvest
@ProfitHarvest, I like that map. The squeeze is on for Monday. Might see a big gap down on VXX

https://twitter.com/SqueezeMetrics/status/1266486688760692736
+1 Reply
ProfitHarvest KNUTWILLIE2U
@KNUTWILLIE2U, Sick tip! Thanks.

That tandem climb since March is terrifying! Lol

This guy got the read on VXX:
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KNUTWILLIE2U ProfitHarvest
@ProfitHarvest, Looks like it broke out of the channel. 4.25 now.. But it might be at the upper end of the blue trend too.
I think we see 3100. Run till OPEX. Monday will prob be a GREEN boner. Such a disconnect going on here.
+1 Reply
ProfitHarvest KNUTWILLIE2U
@KNUTWILLIE2U, Rest your soul and don't mind Mon-Wed... that's volatility period before the drop Thursday and bigger crash Friday.

If we get a green boner on Friday, I'll eat my damn laptop.
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KNUTWILLIE2U ProfitHarvest
@ProfitHarvest, LOL. Overnight the RTY was down 1.71% .. now.. up .8
No wonder Garfield hates Monday. LOL
+1 Reply
ProfitHarvest KNUTWILLIE2U
@KNUTWILLIE2U, Big Money and the Fed can't keep this zombie market animated much longer!
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