VIX has been battered and beaten...Looking at the SPX , it has made a higher high today (20 May), however VIX did not make a lower low. This is a bullish divergence for the VIX . Put-to-call ratio hit a low today as well, bullish indicator for the VIX . I am calling target, but not sure on timing. My best guess is 2-4 weeks, but this could take a bit longer than...
$20.95 entry, $31.84 target, 52% gain, 3:1 reward/risk ratio.
This is a Tom Demark trend analysis.
Trade will be cancelled if on 4/29 ERI opens lower than trendline around $21, this indicates failed breakout.
Trade will be cancelled if on 4/29 ERI does not make a higher high; it must break $24.31.
Using Tom Demark trend analysis, $3.58 target. Ideally, entry @$2.67 on a pullback. Stop loss at $2.36, reward/risk= 3:1
CYDY is on a tear up around 50% in the last week, breaking a short term trend, and confirming upside breakout.
Using Tom Demark trend analysis, $28.2 target, stop loss at 41.5, risk/reward= 3. If VIX opens above trend-line, trade will be cancelled. If 4/27 session fails to make a lower low, trade will be cancelled.