And also the Feb gapup downtrend S/R (magenta). The horizontal S/R below it (green).
Another reason VVIX has limited downside but massive upside, also coming up on March peak downtrend S/R (purple) for what should be a pretty powerful wedge as Ratio squeezes down against the converging horizontal and uptrend S/R (white).
What if there is a stimulus package? Will it make the market go much much higher or what's your opinion on that?
ProfitHarvest
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@DiegoHernandez56, extremely unlikely we get a stim package before election. R senate would have to pass a Pelosi wishlist to accomplish that... don’t hold your breath.
DiegoHernandez56
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@ProfitHarvest, Meaning that it would be nice to do some puts on SPY on the long run?
Thank you mate!
tradeinvest2024
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Correction... UVXY at around $20.
tradeinvest2024
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I’m averaged in at around $20. Hoping I’ll be alright here. Cannot believe it’s dropping so rapidly.