The weekly ADX indicator is sitting at 8 (NO TREND) at the same time VVIX reached it's lowest value since March 2017. EXTREME COMPLACENCY can be presumed. A market without fear is DANGEROUS. Either markets continue higher in the face of continuing rate hikes & QT or markets SELLOFF & VIX spikes catching everyone offsides. I go with the latter. Expecting VVIX...
The ADX indicator was rising from 15 (weak trend) to 35 (strong trend) since March 2022 before a recent decline. As the dollar has lost its strength, the ADX rolled over along with RSI. I believe the Dollar will find support here and begin another uptrend. Potentially a violent upswing as the Fed HAS NOT PIVOTED and continues to tighten financial conditions...
I think we can run here on UVXY but it will be hard to call. Just a scalp. This will only play out if most other markets drop. Alternative target below. Not financial advice, DYOR.
The turquoise trace matches nicely for the spacial orientation of the recent level behavior. The indicators (Momentum on top, and RSI on the bottom) also appear to match each other, in-phase. SP500 crashing now? I think it has already begun! :) Follow along for updates to this idea, and many more! Good Luck, God Speed, love & Light to All!
UVXY = 3X VIX FUTURES - Last time it looked like this it bounced 1300% over ~20 days...
The vix has a large positive divergence on the macd daily It is at weekly price support It is at the 400 period moving average It has strong trendline support going back from 2017 at 17
I’m short by other means, not uvxy, but I don’t think this market is up here much longer lol. Vix is going through price compression, positive divergences, and an inside bar formed on daily after support from the 200 week ma. The symmetrical triangle pattern is coming to an end, and the market is going to get ripped to shreds. I’ll make a prediction and say in 3...
Good morning lovely ppl Maintaining trailer $SDOW #DowJones short position May add more if we pop enough Initiated $VIX long position There's various ways; options $VIXY $UVXY & more 3 warnings signs, see previous posts Ignore RSI if it shows on post Let's see how Nov ends $DJI $DIA #stocks
This is how the next level collapse would look in the UVXY Volatilty derivative. The SP500 is pretty much inverse of this. Each movement propagates and grows as the crashes become increasingly volatile, as the historic inflationary levels of the entire market begin to collapse. Good Luck, God Speed, Love & Light to all!
Moment of truth coming soon! VIX dump + dollar dump = Market pump.
I sold in May and went away... It worked. I am back and charting part time until the weather chills more, then full time. The UVXY is potentially playing out a bull flag with good momentum potential to the upside (stoch rsi being low and moving up). We have clear stair stepping action as you zoom out. Not financial advice. Blessings!
If the UVXY goes down to the 200ma, I think we will have an amazing bounce, albeit I think we could bounce before then. Any successful break of the upper yellow triangle line (with backtest) could prove worthy as well.
I once read a post on here suggesting that the vix was “un-charitable” due to its perpetually declining nature… or some complexity like that. Ever since then, its been my favorite :) Looks ke we have some options for a pretty big jump… and also some that show more strength in the SPX short term. Good Luck, God Speed, Love & Light to all :)
Playing around with some 2000 bubble collapse patterns. Looking like if we continue with this standard pattern we could see some major volatility in the near future. Going to keep watching $uvxy for good entries in Nov/Dec 2022 and another play in 2023. Best of luck out there!
Short sale Volume seen spiking on UVXY. Data releases today from Chicago Fed showing Economic activity Index slowdown: actual 0 versus consesnus 0.24, prior 0.29; and Dallas Fed Manufacturing Index miss: -17.2 versus consensus -5 and prior -12.9. Dow Jones Industrial Average made yearly lows late last week and again today as it lingers at low 29K. Nasdaq and...
I see many other patterns of strong bullish cones in stocks that seem somewhat threatening to the financial sector. By the I mean every singe one. Let’s see. God be with us.. good people with grace