Oil broke the neckline of a head and shoulders. Downside target is $37~$38.
IWM didn't break $133.75 and now reversing to upside.
Target of the move is $144~$145.
This is tough pill to swallow!
Best way to trade VXX is when it closes above 20MA. That becomes your support. If it closes below 20MA, just get out of VXX!
Russell 2000 has been weak! If it breaks $133.75 level (closes below it on daily basis), Huge selling volume will appear instantly!
VXX automatically loses value over time. Shorting VXX in complacent market has a good risk-reward!
I had published an idea while ago and now after I revisited the IHS target I realized I have to correct it.
I thin $2400 is a great psychological level as well!
VXX is acting strong today. However, market has animal spirit right now and it pays you if you short Vol than going it long.
Short VXX as soon as it hits 20MA!
Stop is close above 50MA!
IWM is finally broke out and heading to $141!
IWM has been consolidating for quite sometime. It is ready for higher prices!
IWM is ready for another leg higher and it will take out many shorts during the charge!
IWM held $134.80 level and showed strong support.
There is another leg up in coming weeks!
IWM is consolidating in a triangle and formed a bull flag!
$134.50 is a support to hold in this trade!
IWM is ready to pop again with textbook Cup and handle pattern!
VXX is severely oversold. There is a good chance for a bounce in the new year as people start taking profits!
Gold miners are in no man land! $20.14 level held for while and now it is broken!
Bounce to that level is a great shorting opportunity!
IWM is strong mover in this market and taking the charge today as well!
There is a good chance we see volatile move. Quick scalp trade with gap fill hit would be a great one!
IWM is ripping out.
The inverse head and shoulders has formed in weekly chart and broke out of neckline.
Target on RUT is 1438.