ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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Didn't have much to update for awhile there but starting to see some action finally! Was
I predicted 10.50 as the low this downswing, which was spot on. We broke a little under for a day but it's been a very solid floor here.
Also as predicted weeks ago, Price shot up when it crossed the magenta core trend but got stopped precisely by the 200 SMA AND the white horizontal trend:
Next pumps we're looking for will come when we cross the white line and green line a little. Red line cross will be very reactive and shoot price up. I think red rejects it on this initial spike, we get some retrace into a wedge and then it pops higher.
Just a feeling but sht who knows, if we push through red at already elevated levels the spike gonna be huge.
This is Fractal Theory at its finest, lets see if we can predict the future! B)
@1240a52b9d354ad5a4191ac1435cf1, I’m expecting VIX to spike soon and then gradually come down. Yet price of SPX should trend down for longer than VIX. My hypothesis is we are standing in a mountain of bad debt that’s not going to be so easy for the Fed to control once insolvencies begin because the debt is in publicity traded instruments like bonds and commercial mortgage backed securities. They’re going to have to figure this stuff out which is going to take time and it’s going to cause equity market distress. That’s what I’m betting on anyway. A big short
jeannebabinrose
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Gread explanation
Kristenstewart
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Nice explanation
Mark_demariya
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good
ProfitHarvest
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@aparkon heads up, I think your last UVXY idea is still quite valid here
aparkon
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@ProfitHarvest, Heyyy, thanks for the call.! I am closely watching the VIX as well. VIX is now above 50 SMA in the hourly chart, which I consider trend reversal. Don't know it will be a short-term or mid-long term(hopefully), but there's definitely some opportunity!