Broke above channel last week and now is sitting on top of it.
Hey guys, so vol is holding the 50 day MA, we're now back above the 100 day, and about to break above the first downtrend resistance line (in white) around 28.50. We've been in an uptrend for a week or so, with bullish price action in risk assets. It's important to note that there's upward pressure building in vol, just as more and more investors turn bearish on...
VVIX is touching the trend line connecting the most recent peaks.
With the majors at all-time high's and vol getting cheaper by the day, let's take a look at what the technicals are saying. With the exception of Monday and Tuesday's close this week, we've been trading above the 50 day MA since the end of August, and the fact that the 50 day is now rising, translates into bullish price action. Today we got a solid bounce off the...
Market up and the VIXX up. Market getting ready for correction? Look at the VIX
People out here actin' like predicting the future is easy! I'm just on my grind layin down some novel trading ideas. Take it or leave it. UVXY definitely caught a right hook to the chin today but as I made clear in my new RSI Model idea, this type of melt down swing dip typically precedes a spike and it could be exactly what we're seeing here given a lot of data...
Just an experiment. Note there is no 6/1 fan line so I manually added one.
This one is very interesting. I'm thinkin this will hit the bottom purple line again in another big crash (or "crash" over many months too), maybe about half the size of March crash. Looks like it's almost exactly repeating March mini doubletop at the peak too in addition the bigger, more obvious doubletop. Let's see what happens! B)
VXX getting a good consolidation last week and ready to play in the 2nd wave of Fibo
Got so caught up in SPX I neglected the Volatility Matrix! Haven't even peeked since my last post weeks ago but everything looking great still. We have Large BUYs on all 4 of these + VXN with only one of the 5 having any significant SELL signals, VIX, with a Small SELL and brief Short Entry Window (but still leaning pretty BULLISH overall). This suggests an even...
VXX not ready yet. Looks to me that it is consolidating. True breakout still to come.