SPY, IWM and SMH have met their upside targets. If we close Below the $214.56 with minimum 100 million in Volume, we will see a major correction, till then stay put!
SPY is consolidating in a triangle formation and chances are it will break out to the upside as VIX and VXX have crumbled.
XIV has a IHS forming and already the pattern has broken out! VXX should tumble while VIX should see $9 mark!
The VIX futures had a strong move up after the market closed. the VIX rtfs/etns should open higher. The high volumes also correlate with improving RSI. It is not clear whether the SPX500 will keep falling with increasing volatility going forward. tntsunrise shows a possible rise in the SPX500 to a shorting zone, then a further fall. VXX may be traded in the...
Expecting Medium to Major dive for cycle, broadening wedge & unusual volume drop.
The VIX is now at a 52 week low. This may be a one day event or a several week event. The following data are meant to help guide the decision as to when to buy/go long on the short term and midterm VIX related etfs/etfs. The VIX daily minimum and closing prices were downloaded from the CBOE website. The % of days with daily minimums and daily closing prices...
This might be an interesting pattern to monitor. Lately the SPY has been outperforming inverted VIX, unlike what happened at the start of the 2016 uptrend, where we observed a shift from outperformance to underperformance. The inverted VIX daily chart shows a daily downtrend is ongoing and suggests we'll see a 22.88% drop (22.88% jump in VIX) over the next few...
This ratio looks like it wants to drop - in which case we should witness one of these three situations: 1. VIX rising more than DXY rising, 2. VIX falling less than DXY falling, 3. VIX rising plus DXY falling
Not much support below 20 day SMA IMO. This long term consolidation has created a huge resistance and suggests this isn't recovering soon.
It is hard to find something bullish about this chart. Follow A, B, C and you should be good!
The following data is meant to help guide the decision as to when to buy/go long on the short term and midterm VIX related etfs/etfs. The VIX daily minimum and closing prices were downloaded from the CBOE website. The % of days with daily minimums and daily closing prices were then calculated in three over 3 time periods ((the last 12 1/2 years, the last 9...
I would love a retrace to take another long on XIV (short volatility). Price has continued higher than the 61.8% extension where I'd expected i of 3 to top. This despite S&P trading sideways. My price targets for wave 3 may actually be too low as wave 1 stretched beyond my initial targets (note 376.4% extension reached vs 200-261.8% expected).
VIX HAS BUILD A VERY SLOW RISING GREEN SUPPORT LINE OVER LAST 7 YEARS. So it is a buy and hold for long term (at least 2-4 years). Possible scenario Triangle playing out. Leap Call Options strategy may be good if deployed properly in volatile market.
VIX closed last week on the lowest level since august 2015 – and we all remember what happened then. This, combined with the highest ever level for S&P 500 make me a little cautious in the short term. Move up in S&P 500 looks somewhat tired. I believe market needs some rest and is ready for a small correction. So here is my idea for the trade: buy AMEX:VXX ...
As I noted in this idea from a week ago, we were going to new highs, which we did, but now we're ready for a pullback before continuing on. I think the chart has one more bounce up in it, but then we'll come back to the 2070s before going to 2185. The Day/Weekly/Monthly COGs/CMF/Waves all look strong, but haven't broken into any higher levels of momentum, so...