As dollar rises into red zone, SPY is more like to drop quickly and when dollar bounces off support, SPY rises.
Refer to comments in chart $UVXY
UVXY got some upward momentum & declined a bit hitting double head resistance, but it has very good upside potential. So we are looking for a re-entry opportunity if it adjust down to 17 area. You can check our detailed analysis on UVXY in the trading room/ Executive summary link here- www.screencast.com Time Span: 46" Trade Status: Pending
UVXY is approaching the resistance area, so tomorrow i'm going to look for the short but if it breaks through and holds through resistance then i'm going to get out.
>10% gains within a week when hourly RSI <22, as far back as early 2015 (possibly further).
this coming Friday, and next week will be a crucial moment for SPY seems like a new direction is about to be seen So, for this time, I will join the air-force again
4 hour chart for S&P 500 So as promised, here is my take on the S&P 500 and where I see things moving in the next two months. I feel very confident that we have just completed the 4th corrective wave of this 5 wave impulse. As you can see, this 4th wave is shallow and complicated. And the 2nd wave (Brexit) is deep and cleaner. So all that is left is the 5th...
UVXY forming a really good base, and seems forming a fallen angel pattern. It also has moneyflow divergence, if it can break above Moving average it will have a good upward run. On the option side we would consider $20 January calls ($4.34) You can check our detailed analysis on UVXY in the trading room/ Executive summary link here- www.youtube.com Time...
RSI showing signs of support and wedge ready for a breakout $UVXY $TVIX
QQQ starts topping here, not a good sign of pushing up. buy some puts this time.
I see an epic opportunity arising in VIX related products like UVXY and TVIX and would like to share my opinion on this. As most are aware, articles are popping up left and right saying that shorting the UVXY is a 100% risk-free long term investment . Some go further and label the VIX short as the trade of the decade. Moreover there are figures actually showing...
My estimate for the bottom is on the chart. Then up up and away until December or January Fed rate hike
After a huge decline UVXY seems getting some ground at present level, which is a historical strong support zone for VIX. Nicely scooping upward & moneyflow is getting some strength. We are looking for a log from here for long time and our target is 38.33 On the option side we are looking for Mar2017 25 call You can check our revaluation on UVXY in the trading...