Just happened to be playing with a few things on tradingview today, thinking of new ways to identify trade opportunities. I often have to keep reminding myself to zoom out to see the bigger picture. This is one of those instances where I might have stumbled upon something useful for very long term trade trends.
As many know, VIX is an extremely useful indicator...
The vix is trading near all time lows for the last 5 years. The bottom channel has been very accurate in the past. Great buy right now as something will cause the vix to move up very soon!
Now a lot of people are posting long ideas that it will blow up.
I am framing this idea as neutral.
Since we have a contradiction.
Consider.
1. The Heikin Ashi weekly candle is consolidating by breaking through a bullish wedge. Yes, it is definitely a very reversal pattern.
2. Two small Kumo clouds (both red and green) are floating over candles. Their size tells...
The VIX indication of fear in the markets has been on a strong downtrend into upward support which has been respected for quite some time.
Long VIX, Short Equities.
Based on trendline projected from the last 2 peaks, it seems like S&P has reached another resistance. The VIX is strangely up. This means that there are more puts being opened 23-30 days out and thus causing VIX to go up. Protection is being bought. No matter, it is important to realise that the risk-reward is now favoring the short side.
She gettin' hot.
First test 21, second test 29.
Probably 3-5 day spike then cool off before it gets going later in 2023.
Needs sustained breakout above downtrend line around 14.60-14.65
FX:VOLX is still trading in the middle of the downtrend channel from its peak the week before Memorial Day. Watch for a breakout, but it hasn't happened as of this writing.
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