I mentioned yesterday that TVIX moves very fast and if it gets near the resistance level, not a bad spot to take profits if long. If it broke above, we would see some panic selling within the indexes and panic buying for tvix. Making that kind of bet has failed over the past 6 months and so far, failed again. TRADE tvix, don't hold it that long. I would wait for a...
TVIX has made a great run and is approaching resistance with some bearish divergences. It may definitely continue higher, but one needs to manage with stops, as seeing 30%-50% moves in both directions is normal. Watch the support/resistance lines. If the tvix bulls push above resistance, we could see panic hitting the markets. Below support, step out and wait for...
I hate to be so bearish but I feel like the vix just gotta bounce a little bit.
The other thing we are betting on, is that, due to bitcoin having a huge increase.
We expect the market to take a little hit the next day.
This has typically happen a few times in the past.
there like a 48 hour delay effect. weird :/