TRAMA over VWMA and Stoch headed to overbought for this vix deri
uvxy has seen a lot of choppy action for weeks but the trend has been upward. if we keep seeing TRAMA and VWMA rise together on the daily and double stochastics
signal remains bullish we should end the week higher as long as spy stays under 400
holding mid 18s uvxy would indicate were due for a trip back up to high 19s
signal remains bullish we should end the week higher as long as spy stays under 400
holding mid 18s uvxy would indicate were due for a trip back up to high 19s
Note
if we see 15 minute continue to close under 18.89 and break mod 18s to the downside id imagine were headed for high 17sNote
quad top will only break if hourly trama and vwma start rising together and trama crosses above vwma 4hrNote
i gues shorts are covering 18.20sNote
could be a ride back up to the upper 18s if we keep closing 15 minutes above 18.18Note
399.79 that level to hold for SPY
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.