TVIX - Is now a time to dive in?My first post!
Based on MACD along with the strong possibility of a COVID outbreak (again) I see the TVIX rising from this point into the start of the school year and shortly thereafter. In addition, we have looming macro-economic risks with debt, US elections and negative sentiments in the short term.
All signs point to a reasonable entry now, up until two weeks after the start of school possibly leading into October.
TVIXF
TVIXF: A Brand New Hope?Since TVIX has made its all time highs in March its been falling gently down for months with a few nice spikes inbetween. Since then its been less of an opportunity and more of a beware for all bears, the market is STILL going up. I posted a few days ago about the dollar possibly leaping around Sept 11th and low and behold, it lines up roughly with our TVIXF as well. Could this be the end of the wedge? Not sure. We do know that movement could exist around that time and perhaps not a second flash crash, but a strong correction might be in order or maybe just the start of one? The indexes have been overextended for a while and trading has become boring and impossible for retail traders. Overcrowding might exist by that point as the bears that have been short covering for months might finally give up, take off their bear slippers and put on their bull horns just in time for a toss off the cliff.
As far as the bigger picture on the daily, the moving averages still extend down like eagle claws and is pretty much on the bottom line of RSI. On the weekly, its not over bought enough but the wicks on our falling red bodies is getting smaller and smaller. On the monthly our wicks are ever smaller. However this is at the same level this was in NOVEMBER 2019. If this is any indication, green will start appearing in OCTOBER 2020. However it doesnt mean you cant get your front row tickets some where in late September. Volatility might start spiking when the dollar pops up and anything under $49 dollars might be a great deal. You will just have to wait another 3 months to see any results unless you trade and dump each time (which is an option....).
So Bears we are back to stupid as the Market refuses to die...but have heart....the market is near completion. Just stop shorting....relax...and wait a bit longer.
Note: TVIXF is OTC and has more risk then it did before it was decommissioned in July. TVIX 2.0 is STILL not here yet and TVIXF maybe abandoned by traders if TVIX 2.0 shows up in the next few months. You've been warned.
TVIX in Mega Wedge?Ever since they took TVIX out of the picture the volatility favorite has been sinking harder than the Titanic. Not like it wasn't already sinking. Since reaching astronomical heights in March, TVIX gains have been getting smaller and smaller every time. Now it seems like this favorite is close to a viagra shot. Its hard to tell where this shot would go though and other factors need to be on TVIX's side in order to score a win. Expectations of a mid-month dip are high as the pattern has been proven consistent for a while, but could this one be late? Could we not get a correction until the week of the 17th or even the 24th? Its all fair game when the overlords hit the button and they will find any way to stop a large correction from occurring whether it's sending out more COVID vaccine news or throwing the stimulus bill in the mix.
Talks have been unproductive as President Trump decided to push executive orders to extend benefits until congress can find its way out of gridlock. He already knows his reelection chances are waning and the desperate move might move the markets a bit more, but an actual agreement in congress would help it rocket further up its 5-month overbought state.
Now TVIX technically is not in the books as it was decommissioned July 12, the day before another strong upshot came around. However TVIX 2.0 is taking its sweet ass time to get here (Gee...I wonder why?). In the meantime, TVIX can be purchased OTC under TVIXF for those that want to gamble with an uncertain gridlock in Washington. The markets have shown a lot of uncertainty with both the selling and buying end. Experienced traders are becoming more cautious not to buy too far in until major milestones are cleared.
Until then, we have to wonder what TVIX has up its sleeve? It still has enough liquidity in it to play, but can become riskier the lower it goes. However, as we know, the market rewards risk-takers, but turns right back around and punishes them as well.
INDICATORS POINTING DOWN - RANGING - MARKET CHANGE - TVIXF 240MNThank you for your lies and shares, Much appreciated!
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The market needed to be looked up with another eye. After the decision of the Credit Suisse company to take down some shares.
Did we notice any change ? No!
Market TVIXF changing in market shape, passing from a descending trend to a ranging lower trend. Is it the results of the company's decision? No!
For the analysis, we can clearly notice that there is a strong resistance illustrated with a green horizontal line, which as been tested several times before. Possibility of an entry short from that point again to be on the wave of a probable pullback down on it.
Furthermore, the lower part of the actual overall horizontal trend marked with the orange line, can probably see the market trying to break it, to evolve at a lower price.
Another idea would be an entry long from that point(bottom orange line)
At the moment, because the market hasn't shown any strong sign of recovery, we would wait and see what is going the happen from next week.
So Wait Few Days to Increase Your Probability Limiting the Risks.
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