Volatility is at all time low while also becoming oversold... We have a descending wedge which could break soon and this pattern is a favorite of mine. Targets have been laid out above. Not financial advice, DYOR.
UVXY as shown in the 15 minute chart is slightly above the basis line on the Bollinger Bands
as shown also on the BB indicator or Luxalgo. Price is slightly below the mean VWAP of the
anchored VWAP situated in the fair value area as also confirmed by the volume profile and
its POC line confluent with the VWAP bands. Given impending federal data reports...
I don't believe shorting vol as a strategy is going to work much longer. I'm long spot UVXY as well as calls from $3.76.
Target $5.50. Think we're going to see risk puke over the next two weeks.
S&P continues in the overall downtrend. We will continue to see bear market rallies and pull backs before continuing lower. As you can see, it's been lower lows and lower highs. If you listen to mainstream channels like CNBC or Bloomberg, it's always a bottom when stocks move upward but selling continues.
I noticed when the mainstream says something the opposite...
Who could have guessed markets would rally in an ocean of bad news:
Worse than expected CPI
Worse than expected PCE
Worse than expected Chicago PMI
Joblessness Rising
Missed Earnings
Q2 GDP Contraction in Recession
Collapsing Home and Auto Sales
Who knew you could miss earnings, lose millions in revenue and your stock price rallies like...
Since economic data means nothing anymore, and since the market is no longer has any connection to the economy, I guess we can rely on TA...?
Who knows. It seems like the S&P has hit a ceiling as of now at the 200MA. RSI is high on the 1D. MACD has PLENTY of room to come down. Let's see what happens.. it could be a red September.
Here we are in this bounce in the markets. We are seeing lower highs, lower lows. It is the best time to get into a position now. If you look at the timelines from peak to sell, its about 2-months. We're about overbought, and the economic data coming out is pretty horrible. Retail, autos, housing, buying and consumer sentiment, debt, revolving credit, personal...
Boy, are these markets something else. Since before 2008, markets correlated relatively close to economic data. Since the introduction of Fed intervention with slashed rates and Quantitative Easing, "markets" were able to "shrug" off even the worst geopolitical and economic events. In fact, it defies all logic.
Logically, markets can and should ignore all TA...
This stock came up while scanning for stocks that are primed to fall. Take a look at the MACD, it has crossed with plenty to fall. The stock itself has formed a megaphone pattern with plenty of room to fall.
uvxy is trending down and actually rose slightly against trendline resistances. I'm shorting into the close..
there is a bullish cypher set up, however im short C leg to the D leg of the cypher pattern Target $4.75
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
This afternoon my team purchased shares of FinTech company Marqeta $MQ at $4...
This market has been quite a tough one to figure out. As I have stated numerous times, it's become a game of chance. The markets have proven to completely ignore the horrible economic data, missed earnings, geopolitical crisis, QT, and so on.
At this rate the stock market I believe is owned by just a small number of people and so I suspect we will see less and...
The UVXY is currently trading at the 89 Day EMA among other Moving Averages that it's often reversed from; if it reverses from here again and hits the bottom of the Potential Parallel Channel that will confirm the Validity of the Parallel Channel. If it breaks down from this Parallel Channel that will be a Bearflag breakdown that could take it down anywhere...
“Happiness was never important.
The problem is that we don't know what we really want. What makes us happy is not to get what we want.
But to dream about it. Happiness is for opportunists.
So I think that the only life of deep satisfaction is a life of eternal struggle, especially struggle with oneself.
If you want to remain happy, just remain stupid....
Can make a new low here but above the broken trendline.
Some interesting development is happening under the hood there, be careful if long the markets after this week!
The fakeout move in indexes was spotted since mid of Jan!
Had a weekend update with the next 2 weeks' pathway and going into the Mar.
UVXY is one of the tools to watch as well as DXY and bonds
