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UVXY

Oversold Due To China News, and Being Driven By TradersLove the stats and the story. Short term swing. It is being driven by speculators because it's a low float China stock. Went up too much in a short period of time, hence the big sell off. Also, this China tariff news probably spooked traders. Net income is down 2 million, but general administrative expenses increased by a factor of 10. Plus, they are exploring the blockchain sector. Like where it is on the fib also. Volume has also decreased relative to yesterday's sell off Only buying 1/2 because it is on the way down. Holding other 1/2 in case it goes lower so I can either bump out or get a better average.
CLong
by alipipefitter
2
Could TVIX Be Preparing for a Breakthrough??As you most likely already know, the VIX variations are famous for heading downwards over time as the markets become more stable again. However, as you can easily note by observing the charts, there are times that there are breakthroughs, and they are usually extremely aggressive. I have been watching TVIX very closely for the past few weeks and I believe it is preparing for another one of these breakthroughs. 1) Solid Support Curve Development - As you can see, a support curve has been developed which so far, appears to be holding out pretty toughly. I would not be surprised if this support is enough alone to pull the price through the resistance. 2) Breaking Through of Last Peak Resistance - This "shorter" term resistance dates back to February of this year. It is very evident that it has been responsible for several upward rejections over the past months, and has finally been broken. This suggests that the current support curve carries a pretty good amount of weight along with it which could easily be enough to break through the following resistance as well. 3) MACD Patterns - (Diagram: ttp://prntscr.com/kstych) Looking at the MACD, we can depict 4 very distinct cycles between each spike. The first section, is a very uneasy region after the price has dropped down again. The second section displays some upwards momentum, but continues back downwards. The third section flattens out and begins to slope upwards over time. The fourth section, is where the price breaks through and shoots upwards. I believe that we are currently in the midst of the third section, and can expect this spike within the following month if not earlier.
TLong
by willgeorgejr
TVIX All Over The Place -- Breaks ResistanceAfter last week's downward spiral confirmation, TVIX has proven its volatility as it broke through the resistance once again. This jump was a result of the recent breakthrough of DIA as it plummeted through the market's support curve. However, this may be a very short term jump considering the market's support was extremely aggressive. I will assume - and this is very dangerous - that within a short time a more reliable support will be established and TVIX will continue its decent. This bullish behavior will most likely be extremely short term.
TLong
by willgeorgejr
TVIX Confirms Breakthrough - BEARISHAs suspected last week, TVIX has successfully broken through the support curve and continues back down towards its usual levels. The price has confirmed its breakthrough as we can see the intersection of resistance and supply lies above the current price. This suggests the following: We can expect a steady decrease in price over the following months unless a national market event pops up again. Additionally, we can expect the DIA to continue upwards back to ATH in the near future???
TShort
by willgeorgejr
1