TVIX operating in a strong downward channel, right in the middle of it. However OBV and RSI have bullish divergence, so perhaps form a short term double bottom here and bounce up to the first red resistance line, which matches the bottom of the ichi cloud. Putting in a tight stop because it could be a far break below.
Day ended exactly on my entry point of...
Spooked by what happened with UWT last time. Would add if not for that!
Trump is also under a lot of pressure to do something right now with the election coming. Plus it's October, and the market is very weak. He must be feeling a strong sense of urgency.
until it breaks above 17.40 not convinced
heres why false breakouts. of course, there's room for some scalpings but I want bigger fish and 100% assurance
join my discord chat
Can we impeach everyone holding a Local government office instead?
Then we pass a law that says that any time there's a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election..
Boom the people take back control.
USE A STOP LOSS.
What's up fellow traders
TVIX looks really interesting at these levels with current economic circumstances.
My goal is to build a long position if volatility start squeezing again to hedge part of my portfolio.
I have a risk level from 1-5 (1 is low risk , 5 is high risk)
First Trade (Risk level 1)
I have a buy order set at 12.40
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.