Did it close the GAP? :) just sharing my views . GL
You can see two combined patterns, but it is following $VIX index.. keep watching.
VIXY and VIX derivatives are ready to spike. RSI, MACD, Fisher Transform, and Filter Dots all show reversal coming in next 5 business days. There are 4 gaps to fill, indicating a possible 44% positive correction to around $20 for VIXY. The reversal period is short here. I believe it may last until Christmas. Going to green curved line (Gaussian Channel midline)...
I have heard this pattern be called a "shoe" or a "bannana". Downward straight trendline with curved supporting line (more than 3 points of contact). Pattern repeats in VIXY chart as seen. Bullish reversal is short 7-10 days. We are currently in the bottom of the bannana, ready to breakout. RSI shows wedge pattern as well, indicating breakout in RSI. We are...
Short term long on $SVXY from yesterday afternoon. Will flip back to $UVXY once gap is filled.
NY and Tokyo close was pretty telling on potential for major volatility expansion. Targets in green. Tight stop.
Have to respect the trend. Think we see another 10-12% upside here in conjunction with a $SPY & $QQQ meltup.
Could be another downtrend retest, could be a breakout. Waiting for confirmation. Locked in gains from earlier move (See attached chart).
TA doesn't work with leveraged ETNs, yea yea. $SVXY hitting resistance soon.
Nice long set up here and a good hedge to hold over the weekend. Triangle forming in this as well as underlying VXX. under 15 would allow for a very tight stop.
I did this once before last year but I thought it is good once again to repost how I see the market, since inception in the early 1900's to today. From my perspective, we are nearing the completion of a supercycle 5th wave. And as you can see from the chart (which trading view does not go back to the beginning...see a historical chart if you want), supercycle...
... for a .36/contract debit. Ordinarily, calendars in VIX or VIX derivatives just plain don't work. This is due to a variety of reasons, not the least of which you're just plain paying too much in extrinsic value in the long-dated option. Additionally, the standard calendar is usually set up on the call side of things in anticipation of call side movement and...
This is my best estimate. While we could possibly already be in the C wave down and finishing up on a minor wave 2....I am thinking that the FED may continue to do the same as before and prop the market up into the FOMC meeting on March 15th. This is just a guess. If that is the case then perhaps we can reach near the 2800 level again before starting a 5 wave drop. GL
SO obviously we are in the supercycle 5th wave. Inside that, we are in the 3rd wave. Inside that 3rd wave we have just completed the smaller degree 4th wave (even thought it felt big) and are about to trek up for that smaller degree 5th and complete the larger 3rd wave. The drop for the larger 4th should be huge and impulsive just like this last drop. I was...
Some thoughts and harmonics on the current state of the vix.
BB>KC that is. $XIV, $SVXY inflows destroyed yesterday
This is only the 5% drop that I was talking about. I was hoping it started a week or two later but oh well.