BB>KC that is. $XIV, $SVXY inflows destroyed yesterday
$VIX over upper bollinger band creates excellent short side risk-reward. Use additional MACD signal. $TVIX $UVXY $XIV #volatility
The hourly XIV was already breaking down as the UDOW was making new highs.
This is only the 5% drop that I was talking about. I was hoping it started a week or two later but oh well.
I think I can see it.. Yes this has been very tricky. When I see it bust through then I wait to see what the market wants to show me and adjust. As you can see,....IT APPEARS...LOL....like we are if the final wave 5. Today was a small wave 4 and we should move up in the next day or two. Since the larger wave 1 was the longest, wave 5 cant be longer than wave...
Confluence resistance after 7 year run and 2900% increase
SO please do not mind the messiness of this chart as I had to go to the weekly view and zoom way out which squishes everything together. I made a long term chart about a month or so ago and realized that my topping date was incorrect. You see, I truly believe that Trump will not get re-elected for a second term and I am using that as the trigger date. Just my...
I think we will get a little more of a drop early next week before we push up. This consolidation is taking a long time so I have to adjust the target accordingly. I read a very brief but probably very true tweet about end of year profit selling. This guy said that there will be minimal selling for the end of 2017 because people are probably going to hold off...
There was a massive volume spike on Friday and we are due for another intermediate cycle low. Usually that means that a top will occur a couple days later. I think I will watch the RSI. There is a massive bearish divergence from many months ago. Once the RSI reaches the red line, I feel it would be safe to short this. This could be the correction many have...
With the price breaking through that blue upper trend line on Thursday, I am considering that a crack in the armor. We still have a week and a half to go before the rate hike on the 13th and so it appears that we can reach the 2700 range. Especially with all that dip buying that happened today. Yep...the Central banks really want a rate hike so they are not...
SO I do not see this as the start of that correction that we have been talking about. Now that we have gotten into November AND now that it appears that the rate hike in December is at 100%,....and the Fed absolutely wants a rate hike....I am thinking that this monster will not be allowed to make its correction until the rate hike. The Fed wants the hike and...
A simple channel on a monthly chart
So, I had this strange idea: I took XIV (long volatility ETF) and divided its value by the corresponding value of QLD (x2 NAS100 ETF) to create this chart. To my knowledge the daily value of XIV is calculated based on the price of ES options, so there shouldn't be any relationship with QLD, yet this chart has a clear structure and beauty to it. It's peculiar how...
XIV could be due for a quick a violent correction if the pattern repeats itself. Basically, the idea is that once XIV get stuck between resistance and rising moving averages, there is possibility for a puke.
I think we are almost there. The charts tells my thoughts on this. So it is looking more like the 1st week on November that this tops and then we get that long awaited correction. SO I labeled this as "short" because there is no point in my opinion to post another chart until it happens. IT should be quite dramatic. Everyone is going to call for the end of...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: VIX Time frame: 1D What Has Happened So Far: For anyone that is interested in seeing the FULL post click here. I have linked it because the post is far too long to put here. What am I Looking to Happen:...