After last week's downward spiral confirmation, TVIX has proven its volatility as it broke through the resistance once again. This jump was a result of the recent breakthrough of DIA as it plummeted through the market's support curve. However, this may be a very short term jump considering the market's support was extremely aggressive. I will assume - and this is...
As suspected last week, TVIX has successfully broken through the support curve and continues back down towards its usual levels. The price has confirmed its breakthrough as we can see the intersection of resistance and supply lies above the current price. This suggests the following: We can expect a steady decrease in price over the following months unless a...
On the monthly, this looks like a giant distribution pattern with the UTAD "Test" TL holding at resistance and the 61.8 Fib. (As of now) Is it possible we go higher? Sure.. Calling the top is difficult. As we all know, the market likes to retest open gaps. I've notated all the open gaps along with key fib levels and support. At a macro level, we know pensions are...
The support curve created during the initial volatility spike has finally had a clear breakthrough. We can finally expect the VIX to continue back down towards its usual levels. Hopefully this means the market will regain some ground as well. This downthrust is completely expected after DIA and SPY broke through their resistance since the recent crash. We are...
Since the peak of DIA back in early 2018, a very clear resistance curve has been formed with one solid redirection, and two nearby rejections. Things are finally looking good. With this breakthrough, a new support curve has been developed which appears to remain very strong. However, the curve is extremely aggressive, so we can expect at some point soon a more...
As you can see in the chart, TVIX continues to bounce back and forth off of the short term support and resistance. I am certainly leaning towards bearish behavior due to the short and long term resistance curve's strength. It has rejected upthrusts 4 times so far in the past month. However, at some point the price will also begin to be challenged by the support...
Yesterday everything was looking great as TVIX broke through the short run support. However, the RSI took a dip later in the afternoon and rejected this breakthrough. Looking at the price now, it has had an extreme upthrust and broke through the short run resistance... However, looking at the market as a whole, this move is very reflective as DIA has broken...
EXTREMELY BEARISH As you can see in the circled section, the price broke through the long term support curve created back before the enormous jump. You can expect the price to continue falling along the short term resistance curve (bottom orange line)
As you can see in the chart, TVIX has reached the point in which the short term resistance crosses with the long run support. What we see next will determine the next moves of TVIX's price. There are two possibilities to the future trends. 1) If the price drops below the support line prior to the intersection, we can expect extremely bearish behavior in the...
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...
As you can see in the TVIX chart, it appears as if a "Morning Star" pattern may be developing in the 4hr chart. You may point out that there is no uptrend piece - which is crucial to a morning star pattern - but on the 1hr chart this uptrend is very prevalent. Most Likely: Volatility will begin bullish behavior until it reaches the resistance curve, and then...
After the predicted downfall I previously posted, TVIX has officially broken through the support curve from late 2017. This is BIG news... You can expect volatility to continue plummeting to it's traditional resistance patterns and you can also expect the market to continue on it's upward trend before all of this talk of trade war. Welcome back.
Personally I hate trading the news, but when it comes to these periodic Trump-induced geopolitical rattles, these types of in-and-out trades can work as a brief portfolio hedge (IF timed correctly and at the right levels). How certain am I of this working out in my favor?? 40/60.... as in 40% maybe 60% uncertain BUT this is what I SEE versus what I EXPECT,...
After much talk of trade bans, trade wars, and other wall street killers, the markets appear to be steadying out again. TVIX, the 2x Leverage for the volatility index has also gone back on track from it's original decline. As displayed, the resistance line has rejected the upthrust on multiple occasions which has proven to be beneficial. Although the price has...
Amazing how there are so many reasons to be bearish here. I cannot imagine why anyone would be bullish. From a technical perspective, it is very obvious a major plunge is about to occur. =)