Comingopportunity
TRYING TO PUSH THE CEILING FOR A RECOVERY - HOPES - TVIX - 30MNTVIX market has changed and now ranging.
We have seen the market testing the top of the range and the readjusted top red resistance line.
The former dotted line becomes now a support.
This new configuration increase the probability of seeing the market passing above the resistance downtrend line. Where, an entry for a long direction trade will have more chances to succeed.
S&P 500 - 240 - IMPORTANT POINT - 2X GOOD SHORT ENTRY POINTSThank you for your likes and shares! Much appreciated!
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The market is at a very important price which has been a reversal point lately (Fibonacci 78.6% ). This price is a strong resistance now and could become a strong support if the market moves upwards.
Upwards, the market former uptrend will be the limit where an amazing short entry point could be expected with possible nice pullback down.
In the other side, downward, if the market breaks its horizontal ranging support with a nice candlestick, there is a high probability to see the market going down further with an interesting short entry point (targeting Fibonacci 23.6%).
Timing:
From middle of next week to middle of the week after. (Wednesday to Wednesday)
COMING SQUEEZE DOWN BEFORE PRICE RISE - JUNE - TVIX - DAILYIn a decreasing trend at the moment, the TVIX market is in a channel that sees its tops declining when the bottoms are being repeatedly bouncing on the support line. Buyers and Sellers are arriving to a crossing point slowly. Unless we notice a break on the support/resistance in this channel, the probability of seeing the market going down further is strong.
If you hold positions above the actual price, all depends on how long you can wait and hold on your losses.
The market will probably from the middle of next week give us more hint in what it wants to do. Better wait two weeks at least, the beginning of June and the second week of June would possibly be nice to trade (Meaning more volatility)
