I inverted the VXX and analyzed the mood sentiment shift in 2016 when investors felt safe to invest post 2016 you can see the exact months when the agreement was brokered and VOL was sent downwards (upwards on the inverted chart). Both SPY and VXX are broadening - "Broadening formations occur when a market is experiencing heightened disagreement among investors...
3\19 max pain is at 376 as of today, i do expect it to rise up around a dollar or two by then. look for a clean 5-3-5 correction leading into next friday to finish this wave 2, then the real fun begins :] i'm a big buyer next friday, but until then i'm either short or in cash. trade safe peoples, and don't forget that the witches are coming ;)
This is going to be a big move up, get long vol right now!
Just working on the forecast model. Practice makes perfect. This is my bullish Elliot Wave Forecast. I think bullish (for VIX) - just look at M1 for a start, but there is more investigation to be done... However: “The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to...
Chart self explanatory. We are going to new highs, the wave barely getting started. Same ol same. Market has spoken
VXX tried to push up for the 4th time on March 4th and put in a climax buy bar. Price broke below that climax buy bar yesterday and now price is set to head lower. Looks like it might go and try to test the low of January and February of last year around 13.75. This is good news for the indices as prices are more likely to head higher. Also, just read that a...
After a relatively weak day yesterday across global markets, US futures are seeing some light volatility this morning with the S&P hovering around 386.40, the Dow at 31,400, the Nasdaq at 13,000, and the Russell at 2,236. European markets caught a light bid, while Asian markets were up notably. After seeing one of the best performing days for global markets sine...
Vix back at a 30 handle and looking poised to revisit the recent high of 37. While CTA's potentially cover their shorts after the bond market convexity quake, retail seems to be taking profits, and remain spooked. Lot's of weakness across global markets today. Join us now as we discuss every move on the indexes with our live analysis.
February's Hedge Trade This trade hedges TOL my secondary trade which is riskier as it was strategically structured to be the opposite of the border market movement. Hence if PG surges this should mitigate the loss. It is 15% of the premium from Feb's Primary and Secondary trade. If things go well I should not need to cash this at all. Bought 10 Puts @ 1,...
Higher lows on the price action, lower lows on the RSI. Volatility is building up pressure. Notice how we closed on the bottom of that ascending triangle at the bottom of the bull flag. Not buying yet. LONG volatility. SHORT market.
RSI is printing lower lows while VIX is printing higher lows on the hourly. I expect we will see this play out with some red in the AM. If you're looking to go long at open, take caution. LONG VIX.
Took a small profit on the VXX this morning after spotting hidden bullish divergence in the VIX yesterday evening. Opened a small position again on the pullback to support in anticipation of a small bounce the upper trendline of this descending sedge pattern. Holding off on opening long positions until this burns out tomorrow AM. LONG VXX SHORT market.
Just an update on how the VXX has slowly worked its way down and is now back to the same levels as January 2020. If you look at the RSI levels, the is a higher low pattern that emerges before a spike. It looks like the same thing is starting to appear again.
Global markets are simply unstoppable at the moment. According to Zero Hedge, the MSCI World index just saw it's longest winning streak in 17 years, having risen for the past 12 days in a row. Jerry must be dancing naked in front of the mirror every morning without fail. What a clown. The US majors were up around half a percent on Tuesday morning, with the scent...
Global markets continue to march higher, as every last short position in the world of trading is squeezed to death in seemingly coordinated fashion. While large HF's continue to frontrun retail orderflow, they'll continue to know exactly what retail traders are doing at every moment, and how to take full advantage on the way up, and on the way down with their...
After an ugly close yesterday, the US majors are rebounding with the Dow, S&P, and Nasdaq, all up around 0.50%, and the Russell up 0.80% on Wednesday morning. European markets are essentially flat, with Asian markets catching a bid. The Hang Seng was up by as much as 2% at 8:45AM. Consumer Inflation data came in moments ago; CPI came in lower than anticipated at...
US Futures drifted lower overnight, after seeing new all-time high's, with the S&P, Dow, and Nasdaq all down around 0.15%. European and Asian markets traded mixed, with the DAX and IBEX 35 (Spain) getting hit the hardest, and down around 0.50%, and 1.10% respectively. With mega tech struggling to see gains in the previous couple sessions, we may be seeing signs of...
Futures are trading higher on Monday morning (at new ATH's again), to kick off the second week of February. The S&P tagged a 3900 handle with the democrats $1.9 Trillion dollar stimulus proposal back in focus. We've been discussing stimulus for quite some time now, and it seems the most effective stimulus is the one that never comes, just like the best trade deal...