ProfitHarvest
Long

[TVIX] In the Kill Zone... Steady... Steady... POP!

NASDAQ:TVIX   None
I expanded the kill zone a bit here guys, nailing the swing up was always a bit overly optimistic :).

2nd bar today kissed the top horizontal support channel and held above the bottom diagonal support channel. Still right on track.

Fundamentals vs the Fed, lets see who wins.

The indicators are betting on fundamentals coming out on top.

Comments

@ProfitHarvest What are your thoughts today, now that we did drop below the diagonal support? I think Tick Tock... Tick tock
+1 Reply
ProfitHarvest farmerisland
@farmerisland, We broke the diagonal support channel a little here but still holding above the broader horizontal support channel. So curious on bar 2 today.

The longer SPX moves sideways, the more downward pressure here, it's in TVIX nature to perpetually fall.

The fact that the recent supports are still holding and TVIX is also trending sideways is a great sign, I'm not worried. Check out my SPX analysis

I would be a little more concerned if we break the bottom support and set a new recent low under $138 but even then it could come from a final short squeeze before the crash.
Reply
farmerisland ProfitHarvest
@ProfitHarvest, Yup! My thought exactly. TVIX should be a lot lower now, in relation to SPX. But we're pretty flat, sideways, and supported, all considered. Pretty tell-tale sign of volatility and ready to pop. Just wanted to see your update. Thnx.
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