TVIX appears to like the .5% retracement levels of previous High/Lows. Looking at this setup, that would put the take profit right around $48 for this move.
Good luck!
Note: Not trading or investment advice. Entertainment only.
Good luck!
Note: Not trading or investment advice. Entertainment only.
Comment:
Expecting a retest of wedge top before continuing upward.
Comment:
And there's a bounce and expected news drop in the background...
www.cnbc.com/2019/08...r-jerome-powell.html
www.cnbc.com/2019/08...r-jerome-powell.html
Comment:
FED printer running overtime, propping up this market. S&P will get interesting if this trade invalidates.
Comment:
Can't compete with the FED printer and sheer ability to prop up the market and economy. Going to continue watching this going into the weekend.
Comment:
Seeing a 9 reversal here, so looking out for a near term bounce up. Will this coincide with any relevant news? :popcorn:
Comment:
Wedge trend line, holding. Waiting.
Have a look at West. Interesting perspectives.
twitter.com/wstpacgl.../1182606280772509696
ignore the duplicate post below. I did not scroll up to use the (update) form. :P
twitter.com/wstpacgl.../1182606280772509696
ignore the duplicate post below. I did not scroll up to use the (update) form. :P
Comment:
QE for the people! Endless money printing... Hard to fight the FED. That said, I'm still optimistic here. Trade still active and loaded a few shares UNDER $9
Comment:
Massive Divergence. One buyer for the S&P holding this up??? lol!
Comment:
LOL, certainly did not expect it to hit target by virtue of RS.
Order cancelled:
Reverse split