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
Bullish harami on daily
Coiling moving averages
Structuring up of price
Price floor on monthly on a decaying asset
Good luck
Invalidated if fed raises 50
The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the implied volatility of the S&P 500 over 30 days in the future.
pretty close on the original predction lol all I can say is UVXY is still fairly priced. If you are newer and have not been through a correction before, just wait until you see how fast and powerful the VIX moves up! also,,, no matter the opinion, best of luck guys!!
We have been in this wedge for over a year and we have tried breaking out and breaking down but have not been able to break free from this range.
We are now at the end of the pattern and the big move seems to favor tremendous upside and i will be buying calls on UVXY expiring mid December.
Major supports have been broken in all major indexes.
Central banks appear they will tighten at least in Europe.
China is having a credit crisis with it's largest property developer.
So many risks and so much complacency.
Not financial advice, but yes I own shares.
