TVIX VIX - Volatility Approaching Support - Watch for Bounce
TVIX is approaching support around 11.50 and consequently VIX approaching a critical support since July 25th set at 14.00 - 14.20.
Watch this area closely for a bounce and for the volatility to rise.
Trade deal was weak as expected, not much substance in my opinion to give the markets the rise they need. December all over again? Watch this closely!
Not to be given as advice, but I have made good money on the volatility this year. I will be entering anywhere under 11.60-11.70 and setting a tight stop loss.
Watch this area closely for a bounce and for the volatility to rise.
Trade deal was weak as expected, not much substance in my opinion to give the markets the rise they need. December all over again? Watch this closely!
Not to be given as advice, but I have made good money on the volatility this year. I will be entering anywhere under 11.60-11.70 and setting a tight stop loss.
VIX and TVIX broke down from support areas, and VIX found its second larger support line from January 2018.
A break down of this strong support line, and in my opinion we will reach 8-9 area. Market has looked strong, but there is a good amount of indecision at this support level.