Every time the bottom bollinger band gets over extended in the south direction there has been a spike to the 20 or 50 wma. Additionally RSI is oversold at similar level to JAN 2018. 20 wma target is over 100% gain and 50 wma is over 300% gain. Guessing we could be in a similar situation as Jan 2018
This is a narrow analysis of one volatility instrument however if history rhymes the S&P500 could undergo a notable selloff within 3 months time. Buying some $300 SPY Puts expiring in April 2020 (yes 4/20) currently has a great risk-reward profile in my opinion.
Fed lowers interest rate by a quarter-point, many on panel see another cut this year.
0.25 today , one more cut this year.
Market is not happy with this so I think volatility will come back and the stock market drops into its DCL in the following days.
Time to load up up with some TVIX shares.
Some people wanted another chart for a similar symbol (TVIX vs VIXY). Not everyone can trade same ticker.
Not trying to duplicate my last post. So....this is for the hommies LOL
RSI getting to all time low - about to turn BULLISH.
Same pattern as the VIXY chart - confirmation that we will see VIX increase. Happy Holiday$ :)
Bannana pattern ends around...
11/15/19 marks a 1:1 time ratio from the first spike at the beginning of 2018,and the next at the end of 2018.
We might just see a jump to $15 if the S&P keeps making higher lows, but if we pass this green line, hang on for the ride cause it could get screwy. Falling wedges are generally considered a bullish pattern.