With RSI bottoming and the VIX finding a floor around 14.91, it looks like it might have one last spike left in the tank for the year 2021.
MACD is curling up towards a cross.
Potential ways to play it are through VXX or UVXY if you want some leverage.
MACD is curling up towards a cross.
Potential ways to play it are through VXX or UVXY if you want some leverage.
Trade active
potential double bottom in VIX.
Price targets for
UVXY:$21
$23
$25
$27
$29
if it moons; $37
Trade closed manually
Probably time to bail. Maybe use proceeds to buy some SVXY to ride it back down. Cheers to all those that made this trade.
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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.
Related publications
Disclaimer
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.