Kumowizard

Hey Vol. sellers, can you make a lower low? If not...

AMEX:VXX   IPATH S&P 500 VIX SHORT-TERM FUTURES ETN
128 3 4
For now all bullish forces are in play to push volatility and VXX             lower. I know it looks bearish now on both time frames, but let me make few notes.

- Daily Kijun and Senkou B are flat, making an equilibrium around 15,21. No real bearish trend continuation until these longer averages do not point down again.
- Tenkan is still slightly above Kijun, both lines are in the Kumo cloud
- EWO is bearish , but it has been building a positive divergence since April! This triggered nice spikes twice already.
- Heikin-Ashi is bearish now.

The questions:
Can price make a lower low on close?
Can haDelta reach or dip below its lower range of -1,65?
Can forward Kumo cross bearish?

For earlier answers given by price action, we'll also have to keep an eye on 4H time frame.

I'll try to post any relevant changes, and also if I see a better risk/reward setup to enter long.

Related Ideas

Trance-Man
4 months ago
Please keep us posted. Appreciate the post very much.
Reply
Kumowizard PRO Trance-Man
4 months ago
Will do my best, but pls try to follow me on Twitter too, as I might post there earlier if I see something interesting.

For now on the 4H chart we have an haDelta/SMA3 cross up, but still below zero. Candle closed doji. Indecision, but still not sure if we had a higher low.
First important supp/res short term is 13,62 (4H Tenkan). I think we need more time and more clarification.
Reply
anuargdl
4 months ago
Hi this graphics . Could be a bull growing.. What do you think
Reply
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