Spxshort
[TVIX] The Future Has Arrived.. SPX Falls Some, TVIX EXPLODES!I've been calling this for three weeks now and been holding most my TVIX since May 18th among other inverse plays.
Just made some revisions to my OG idea and cleaned up the lines a bit to try to dial in the up spike here.
Here's all your entry and exit price targets from May 26th:
All that holds the same today.
TVIX still much better risk/reward than VIX.
We already blew past most my entry targets straight to the 'Okay Value' range of $205-$280.
I will not be buying above $205 personally because 'Okay Value' doesn't fit my investment strategy. However for others it may.
Investing above $280 becomes increasingly more risky and should be approached with caution.
I reupped all my shorts yesterday ~15%, just in the nick of time! Will likely reup another 20% if it dips back under $200 but depends on a lot. I'm very comfortable with my 25-30% portfolio short position (PRIOR to the explosion today).
I'm holding till at least $400 as indicated in my OG idea.
Gonna take a quick victory lap and tag all my best TVIX Long ideas and SPX Short over the past few weeks :).
Probably best to let this one ripen a bit before you harvest! B)
[TVIX x VIX] Upside Down-Channel Breakout Continues... Short SPXBoth markets holding right at the primary pre-crash support. Seems it's getting harder and harder for people to short below this level.
Even TVIX dropped to $108 and popped right back up to $120 no problem. Very sticky support.
Still waiting for the pop.
Every day further we get past the down-channel, without falling back below means the odds of a market crash are increasing. If it falls back below, then we must be patient.
Lookout for an uptrend heading back to $150. Maybe have some downside ahead still but very unlikely it'll go lower than $90 before the next crash.
My stop loss is -50% on this trade and I don't anticipate that getting triggered especially with a promising breakout already.
[SPX] Support Cross Imminent! Good Luck Tomorrow Papa PowellBoy am I glad my portfolio doesn't depend on Papa Powell delivering an optimistic report tomorrow.
No doubt the spin will dominate but pop should fade quick. Hard to find sustaining good news and optimistic data these days.
Gonna sleep peacefully tonight unlike the perma Bulls out there haha.
That high ADX cross with fast dropping ROC and dipping DPO is strong sell.
RSI on track to drop below long term uptrend channel and follow RVI, strong sell.
DMI holding steady, ready for a downswing.
MACD holding steady for the cross with lots of room for a downswing.
I reupped my shorts ~15% today right before close.
TVIX and VIX both increased 20% while SPX traded sideways lol.
Wait till this thing goes down even a little!
TRADER ASSIST NEEDED:
Still can't pin down this damn TRIN, it's bouncing around everywhere even now 1.5 hours after close. Currently at 2 but I've seen it from .33 up to 3.5 lol.
If it holds at 2 then that's very bearish.
Also the indicator doesn't match the actual data which is confusing as hell:
www.barchart.com
It's been at medium Buy all day long, ~.42 and now flip to 2 after close? But data shows 1.7 all day. So weird.
Any insight helpful!
[SPX] For Bulls in Recovery After 6/10/2020... ENJOY :)Shhhh... it's okay, it's okay... just let it happen. The harder you fight, the more painful it's going to be.
Better get your shorts in now before the programmatic selloffs kick into gear ;).
Indicators ready to pop and we have the perfect catalyzing event.
Bout to ride this bear to the bank... YeeHaw!
[SPX] Exactly on 5 Year Trendline... About to Tip! We're on the steepest uptrend in this whole irrational bull market since September 2017.
Yesterday ended exactly on the 5 year (roughly average) trend line and possibly started the bounce off and reversal today. Not only that but it also happens to be the exact center of this latest upchannel.
Price stretching harder, higher and steeper to try to keep up!
Seems quite unsustainable, about to topple over. Tomorrow could be a great excuse to dump, timing couldn't be more perfect.
Look out on the way down at 3100, 2600, 2450 and 2100.
Let the market ripen a bit and should be bountiful short harvest in 2-3 weeks!
SPX Sell Zonesİf you like my ideas or have your own ideas to share on this market, comment below so that we can discuss.
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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[TVIX] Soft Breakout Alert... Buy Demand Increasing Above TrendLots to love today. We finally got the upside trend breakout we've been looking for for two weeks now haha.
1st bar today punctured channel and closed exactly on the support and second bar brought it home for us.
As promised, I did reup a little here on all my short positions based on that breakout.
This is a small but critical TVIX milestone for all the riders out there.
Remember this is the LOW end of the downtrend channel, breaking the second yellow line (around ~$150) will signal a much stronger Buy. Just soft buy now for risk takers.
If you got in at $108 you done good! Didn't expect it to reverse so sharply here. Although the VIX did give some indication of this as TVIX dropped a significant degree further yesterday. Reversion to the mean and whatnot.
MACD cross with lots of upside room.
RVI/RSI in uptrend with RVI leading the way with solid divergence.
DMI+ edging toward DMI- with ADX neutral and ready to swing.
DPO rising with ROC rising faster and ADX cross and way above already, very bullish.
Almost harvest season!
[TVIX] New SPX Local Highs, New TVIX Local Highs...This is a joke of a bull run.
SPX, VIX and TVIX should not all be setting new local highs together lol.
Gonna be a weird week I'm sure.
Please have more faith in my yellow channel line than I did, once it breaks that line and holds I'll be upping my position further (strong trend change signal).
Until then in holding pattern. Price floating around between supports right now and moving up with the SPX so we just need more data here.
[DXY] Massive RVI/RSI Divergence... This Thing's Ready to Pop! I'm not invested here, just trying to track my sleeper SPX short signal!
Not even sure how these indicators play outside stocks but lets find out :).
ADX sitting pretty for a strong trend change. MACD already signaling it. DPO and ROC set to spike up.
RVI tends to be a leading indicator for RSI and this is a kind of divergence I've never even seen in stocks but this would be ultra bullish.
Lets see how it plays out!
[TVIX] Holding Right Above Pre-Crash March Support! How Ironic..In hindsight, I should have had more confidence in my original bottom support and waited for better value or clearer signs of breakout (i.e. crossing $160).
The last time the Stoch RSI lines both held at zero (rare but more common with velocity inverse markets) was when TVIX was $40 a few days before the crash.
If TRIN spikes back up to >2 again next week, we'll know the end is nigh.
TRADER ASSIST NEEDED:
In the hour AFTER market close today I saw the final TRIN point flip around to various positions from it's current .63 to .93 to 1.5 and back to .63 again. It was changing around as I was trying to write about it haha.
Can anyone explain how that could happen with this kind of market indicator? ( Advancing Stocks/Declining Stocks / Advancing Volume/Declining Volume )
[SPX 30M] The Great Selloff... Look at that ROC GTFO!ROC not fooled anymore, flipping back to hard sell.
RSI hard sell and downtrend signal right now, RVI drop leading indication for more RSI drop, more divergence the better. RVI called the June 4th RSI support cross fakeout but is under RSI now meaning an RSI support break will likely lead to a stronger downtrend.
MACD cross with plenty of downward space.
ADX looking for a trend change. DPO cross under.
DMI+ cross under ADX.
Overall market still soft buy (TRIN).
Looks like the gap up saved the day!
The market's fate however is sealed.
[SPX] Uh oh... 2nd Candle Falls Below Support, Close Nails It!I've been telling everyone to wait till Friday all week so lets see if I know what's up or not.
If not, oh well, may be a week early haha.
Love the setup here though... everything pointing to downtrend.
Downtrends lead to panic and panic leads to crashes when economy is on a wobbly foundation!
[TVIX] Punctured Lowest Support Twice, Held Above... SPX 4k!I've been shit-posting all over about waiting for Friday so looks like tomorrow is the big day!
I've clearly been a bit early to the party here but man, all indicators holding strong B)
RVI/RSI primed to pop. Love that ADX spike!
Market buying edged up (TRIN) but still soft buy zone... zombie bull.
[TVIX] SPX New Local High... TVIX Sideways? New Support ChannelsAlright guys another successful day!
But wait... SPX set new highs!? AHHH time to meltdown and unload everything!
Not exactly.
New SPX highs should be followed by new VIX lows and ESPECIALLY 2x TVIX lows in a proper bull market. This has yet to retest May 12th low and is sitting halfway between two major supports and just under the diagonal support and within the middle horizontal support channel.
Do notice that we're quickly approaching the yellow resistance line and wedging into a breakout point, which is really just perfect timing here as it aligns with Thursday and I'm anticipating the market will go south Thursday and Friday on release of devastating fundamental news.
MACD is teasing the trend change, RVI can be an indicator for RSI (RSI shooting up means price is spiking) and it crossed above RSI on May 27th and has since gained some divergence on the one week time scale here.
I guess tomorrow we'll limp to a brand new high with the last Retail FOMO stragglers blowing a bunch of money and hating on us poor data nerd folk before it all comes crashing down.
Happy harvesting!
[SPX] ADX x DPO SELL Cross, Hugging to Support, Wait for Friday!Haters already comin outta the woodwork! That means we're on to something guys B).
Apparently setting a new high by a few points is proof that this market is about to sky rocket and all the bears are big, poor losers... oh poor me :(.
Very interesting data point we have there. Lets see how the hopes and dreams investing strategy works out for ya lol.
Living within the lazy, manipulative constructs of 'Bears vs Bulls' will always put you at a disadvantage in stock trading. It's like 'us vs. them' sports mentality and conservative American mentality and Wall Street uses it to part investors with their money in the same way sports teams part fans with their money.
Anyway, we got a ADX x DPO sell cross on about one week time scale. Usually DPO is moving down and they cross in the middle, here DPO continued it's rise too with a sharp, clear breakthrough.
How do we know it's sell and not buy? Because the high DPO positioning and downward ROC trend.
Look at RSI and RVI, pretty strong sell. RVI can function as a leading indicator for RSI and continued ROC trend decline and RSI incline with RVI already under RSI strengthens our case every day it's not broken.
MACD resistance still holding steady, how is that not terrifying for bulls? It's looking for a trend change too.
The weirdest here is the TRIN which I forget what it means but basically 2.0 and higher is panic selling behavior and we flipped from panic selling to soft buying, still not very encouraging here. Has BULL TRAP written all over that shit.
Wait for Friday people! As always best of luck bulls ;).