1st bar today punctured channel and closed exactly on the support and second bar brought it home for us.
As promised, I did reup a little here on all my short positions based on that breakout.
This is a small but critical TVIX milestone for all the riders out there.
Remember this is the LOW end of the , breaking the second yellow line (around ~$150) will signal a much stronger Buy. Just soft buy now for risk takers.
If you got in at $108 you done good! Didn't expect it to reverse so sharply here. Although the VIX did give some indication of this as TVIX dropped a significant degree further yesterday. Reversion to the mean and whatnot.
cross with lots of upside room.
RVI/ in uptrend with RVI leading the way with solid divergence.
DMI+ edging toward DMI- with neutral and ready to swing.
rising with rising faster and cross and way above already, very .
Almost harvest season!
You seem like you know more about how TVIX moves, what should I be looking for in target. I noticed the put call ratio of S&P at all time lows, so I don't understand how this VIX holds up.
Anyway, any insight would be greatly helpful.
I'm just a data guy who made a bunch of money on TSLA and cannabis and coronavirus stocks and decided to parlay that into the TVIX lol. I'm 20-25% short already.
Here's the details you're after, enjoy :)