VIX Cup and handle inside of another cup and handle. Hitting 17 resistance, but once that goes it can jump to 18 then 20
>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...
In almost every instance that VXX closed above 20 MA, market sold off and VXX had ~20% gain. Success probability of the trade is really high. Having said that, today's market price action was not in favor of this trade!
Yesterday's low volume rally didn't last long and today the S&P500 was rejected again by the 50 days MA line and the the bottom of the broken triangle pattern. What stands between SPX and the 2100 support zone now is the minor support zone near 2140-2150 as I mentioned in my weekly newsletters this Sunday. 2100 coming next? Looks like it.
just want to share some thoughts here, welcome to comment
In my best possible scenario-- average buy price for smart money +33=35.5 -safe range -- nearly 15 days consolidation since 9/22, and the chart still on support seems like this is a story planned ahead of time
RSI showing signs of support and wedge ready for a breakout $UVXY $TVIX
SPY, QQQ, IWM had been struggled for a week. Perhaps, its time to take a breath? based on all thses facts, I am more willing to join the air force. Plus, a huge amount of VXX calls and SPY weekly puts loaded for next week, just something to notice.
No matter what FED does, VIX get hammered after FED minutes! VXX is closing below 20MA on daily and turn weak!
QQQ starts topping here, not a good sign of pushing up. buy some puts this time.
S&P Future gain didn't hold during the session and we are flat! A bear flag has formed; yet don't short the market. FOMC days have 100% upside bias. Entry: Close below green bar low! Stop: Close above today red bar high!
My estimate for the bottom is on the chart. Then up up and away until December or January Fed rate hike
In July 2015 VXX broke out of a curving downtrend for a great return in about a week. Now this past week it is continuing to replicate the same pattern held in 2015. My thoughts are that it will drop to $12.80 and then spike to a possible $26.00 if it follows the downtrend drawn.
In my prior VIX ideas, I analyzed VIX value trends. I noted that the mid-term VIX etfs/etns (VIXM and VXZ) tended to trend downwards over time and also lagged behind VIX value movements. After then analyzing VIXM, I noted these observations can be seen quantitatively in the RSI. Note that the VIXM is usually declining with a negative RSI. Successful VIXM long...