[TVIX x VIX] Upside Down-Channel Breakout Continues... Short SPX

Both markets holding right at the primary pre-crash support. Seems it's getting harder and harder for people to short below this level.

Even TVIX dropped to $108 and popped right back up to $120 no problem. Very sticky support.

Still waiting for the pop.

Every day further we get past the down-channel, without falling back below means the odds of a market crash are increasing. If it falls back below, then we must be patient.

Lookout for an uptrend heading back to $150. Maybe have some downside ahead still but very unlikely it'll go lower than $90 before the next crash.

My stop loss is -50% on this trade and I don't anticipate that getting triggered especially with a promising breakout already.


Finally πŸ˜… it’s been couple stressful of weeks
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@joesdbcn, Haha once you collect enough data to be reasonably certain of the eventual market direction, the stress kinda melts away.
I get so spooked holding TVIX overnight. Lord give me strength.
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@mak337, I've been holding TVIX for two weeks at $150, it's not as scary as it seems ;).

This pressure has been building for awhile and this is just the start, TVIX won't be back below $150 for many months now.

Even is market goes up again, it just adds further volatility now which still keep TVIX and VIX pumped up or at least holding steady.
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mak337 ProfitHarvest
@ProfitHarvest, hope you're right! If I can't trust a stranger on the internet . . . J/k. I agree, but watching the violent price swings in the aftermarket can make a person nauseous. I'm holding on tight.
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@mak337, Just keep digging into the data, once you accumulate enough, trading is pretty stress free. Odds become further in your favor.
Nailed it! TY!
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Your task help me much
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@ProfitHarvest you are my HERO. Balls of steels, gave us strength in TVIX!!!!!!! Did you add more positions under $150 this week? Another gap up day tomorrow?!
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