In a decreasing trend at the moment, the TVIX market is in a channel that sees its tops declining when the bottoms are being repeatedly bouncing on the support line. Buyers and Sellers are arriving to a crossing point slowly. Unless we notice a break on the support/resistance in this channel, the probability of seeing the market going down further is strong. If you hold positions above the actual price, all depends on how long you can wait and hold on your losses.
The market will probably from the middle of next week give us more hint in what it wants to do. Better wait two weeks at least, the beginning of June and the second week of June would possibly be nice to trade (Meaning more volatility)
@ProfitHarvest, Hope for buyers can be expected if the market breaks the red dotted line. But for the moment it is seriously sticking to this channel. Chart have shown probability to see the market changing shape from only the middle of June.
Price = 100 will be the climax of the fear points, market might decide from there so approximately end of the coming trading week.
ProfitHarvest
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@Diallo_Sibaghatallah, Yep, sounds about right, thanks!
ProfitHarvest
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Check this out, I even gave a shot at predicting the next spike up just for fun based on this week ending poorly (off to a great start!) and next week being very bad:
ProfitHarvest
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Nice TVIX breakdown, adds some nice insight for a very tricky bet. 100% agree.
I'm targeting at least $400 here.
Diallo_Charts_Ideas
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@ProfitHarvest, June, specially mid-June will be crucial. We don't know what politically, internally happened but the chart are showing change coming during June. Lets see.
ProfitHarvest
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@Diallo_Sibaghatallah, We do know :).
Everyone is holding their breath and crossing their fingers that all the economic data dropping first week of June 'won't be as bad as expected' so the market will then rebound.
It's all hopes and dreams. It's gonna be worse, decent chance of MUCH worse.
If we get to the end of June, and I have to sell off my $150 TVIX at $100 because it was all smooth sailing the whole month. So f*ckin be it. I'll hold my head high and take the L.
But I aint missing a play that could pay up to 5x (proven just two months ago) within 30 days when fundamentals are the worst in a century and the global economy is running on hopes and dreams lol.