Kind of a pattern going there on AMEX:SVXY ? I'll wait for $46 and ride back up again, maybe $45, or will it fall like a knife. Willy can help a little here too but not so much on time-based charts. Remember this requires a K1 at tax time. I don't do advice.
Can use MACD with SVXY that is designed to increase by default, wait for it to cross up, and target when it crosses down again. I don't do advice. Enjoy.
Really not much to say - Vol is artificiality crushed. Top right bottom - note the volume. There is none. I am long Vol.
bullish divergence daily RSI & MACD bull cross $oon sell climax will be reached this week, followed by santa rally to push VIX down driving SVXY back toward $60
So on the SVXY any time we have a very large spike to the down side pay attention to the price rejection on the bottom of the red candles with extremely large wicks 9 times out of 10 the following day we have a solid green day. Today is only the second time in 2021 we have had bad to back extreme dips with a slight green day in between the two huge red candles but...
Short SVXY starter position. Short SVXY shares is superior to credit spread IMO. Not quite ready to add to UVXY calls yet.
Trade for SVXY: - Price has been rejected from the rising upper channel's median line. Shorting the re-test and 2nd rejection. - Price is at the short entry-zone (sliding parallel) of the downward channel, and must return to the median line. - Corrective structure (Measured Move Down) suggests price will reach bottom of downward channel. GLHF - DPT
Get ready for an ATH.... you heard here Long S&P 500 for a bounce, this will break all time highs. No volume on the sells which means more shake up north. Vehicle sales are crazy on December. Same thing that happened during summer. Rinse an Repeat of summer but winter
Could be another bear flag, but who knows.
Here is the Ichimoku Cloud for SVXY. Found in this indicator is a hidden cloud between the Conversion Line & Base Line. As mentioned, this 2nd cloud forecasts a change when price enters its range. Additionally, the Bollinger Bands indicate a potential breakout soon. docs.google.com
It seems like it wants to touch that top channel. I'll long me some for a swing trade up. Sell at channel
This should short squeeze all the shorters. Behaving and bounce off the channel. Long some SVXY here.
Nice bear flag on 2H chart points lower for this one.
Channel Identified, Rate of change is rising. I expect some form of bounce tomorrow. How much is yet to be determined, this should catch some shorters based on past volume
Reason I say this is because SPX has to test 3k and when that does and it will this stock SVXY will be HIGH DEMAND.
Longing this bad boy, chart self explanatory. Banking on a follow of the market. Will watch closely for exit. Should follow