ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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When VPT as RSI crosses the line the model predicts a spike to occur shortly after.
Anything near or under 30 will do for RSI... the deeper the better, 20 or less being ideal (right where we happen to be at today!).
VPT as RSI is good to go at anything under 20.
Given the spike prediction with this Price Action I suspect we may be in the middle of a swing dip that is a characteristic attribute before many big spikes. Think of it like the tide receding before the tidal wave.
You still thinking we'll see a spike in the second half of the month? The election results are starting to look clear, at least to the market (I know this f*ed us in 2016), and they seemed unphased by the House shutting down Trump's targeted stimulus.