Clearly oversold on the weekly inverse chart(overbought on the normal FTSE Index), showing bullish variables for a long as well as a harmonic deep crab has formed. Treat. Should be up and running in the next 3-4 weeks.
Can you remember the Corona Crash?
VIX spiked up to a reading of 80. and VIXL made a stunning 3500% profit!!!
I think a similar event is about to happen over the next 6 month's. (most likely just around the corner)
Right now we are in a Bear Market, and we haven't seen capitulation yet, which is quite normal in such a market.
When this happens the VIX should...
Good rise for silver since it tanked in March, but no need to get excited just yet.
Now it has to get past 200 EMA (280) and 313 resistance to start a bullish trend.
Concerns reemerging about a debt crisis. In this tripple leveraged instrument, there is a breakout from the trend.
Due to it's very volatile nature, risk management must be on point.
Stop loss so important to accompany this trade
I'm short banks (long this inversed instrument)
3DES (MILAN or FRANKFURT) UP ON the tether line + hull moving average green! Long the 3Xshort and stop loss 4,89 . Rising Volumes , as before the covid crash
MIL:VIXL If breaks above upper Bollinger band soon, may be an opportunity for Short-Term hedge. May stay within normal range, but if it spikes above bollinger band...may be a good ST hedge.
Since Europeans can't trade many American ETF's anymore, I now have to search for European ETF''s and trading opportunities.
Let's try this tripple leveraged oil thing ETF.
