I drew the RED RAY LINES to extend right when the RED and YELLOW Fib Ratio lines cross. Notice the price reacts around the RED RAY lines. I have done it on 20 other charts and this phenomenon is consistent, they will be hit. The tops are amazing, they are only tops if they have never been hit before
This is just purely speculation! I welcome criticism, please comment down below what you think.
Market, especially tech are reaching all-time high, together with the instability regarding the 2nd stimulus package and the 2nd wave. I would expect the market to run move sideways a bit until big news or other confirmations arrives. At the moment, UVXY reached a...
How to trade UVXY and other VIX volatility financial instruments
- Look at the 1h chart.
- Once the RSI crosses 30, wait 3 days for confirmation before buying UVXY.
- Monitor the markets.
- You want S&P500 to be overbought.
Conditions before buying UVXY:
- RSI has crossed 30 and is in a downward trend
- MACD descending gap is forming and widening
- Buy when...
This is the UVXY at the hourly. I think I found indicators that help predict a VIX bull day.
1) The purple lines on the chart are the Bollinger Bands set at the daily scale.
2) Middle indicator is the Divergence Indicator. It's the RSI, but helps identify divergences with RSI.
3) Bottom indicator is the MACD Divergence Indicator.
Essentially, if the UVXY is or...
I see some strong correlations to the run of fear from early June.
This is how that run up would look if it repeats itself; Stretched a bit to better lineup with the bottom pattern of the last few days.
I would say I am long on the volatility index.... even though nothing in at the news strikes me as scary anymore.
Anyone else feel like the news cycles are...
UVXY 29C 7/10
Playing UVXY through EOW. Bounced off 200MA line last week, continues to rise on Monday open. VIX futures in contango, with roll on the 20th. Fed balance sheet shows QE is slowing, which will lead to a decline in the SP500 and increase in VIX. May roll contract to 7/17 (monthly exp) if the trend continues.
I'm not giving trading advice or recommending anyone take this trade, just posting my idea and what I plan to do. Good luck everyone!
The chart tells me we are looking for volatility to pick up with:
A) Quarter 2 results coming out mid-July with expected poor results.
B) Stimulus checks likely to be issued pointing to need.
C) Going into election...