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VIX-SPX

VIX Long Trade *5th Wave Potential*Technical analysis supporting fundamentals of the 2nd wave of virus globally, unemployment rising etc. etc. Technicals: - Bullish supporting trendline. - 4hr chart showing higher highs and higher lows. - price looking likely to open at the lower trendline. A higher low forming around the 26.00 level could be a good long trade entry to catch the next bullish wave upwards. Upper resistance zone at 36.00 would be a good long term target but near term I would target the -0.27 and -0.618 fibonacci extension levels and a new higher high. Let me know your thoughts. Thanks.
CBOE:VIXLong
by UnknownUnicorn772665
[VIX/SPX] Volatility Ratio Microcosm Analysis: Rejected By S/R!The white S/R here very swiftly rejected Price and sent it back well above S/R. Also looks like a clear full green candle breakout into a new local downchannel. Also added magenta upchannel lines, hard to tell at the microcosm level but they are there. We have a pretty amazing UT, DT and Horizontal S/R near convergence here that again will make it particularly difficult for this ratio to get any lower without another decent spike. As predicted yesterday, if SPX moved up VIX would have to move up as well, which it did. We now have some room for VIX to fall a bit again if SPX does climb a tad more but we are wedging harder and harder each day.
TVC:VIXLong
by ProfitHarvest
5
VXX/VIXX looking for a breakout tomorrow?Update on my last two VXX ideas. So far everything is going to plan. As I thought, VXX is showing a "double bottom" in correlation to the double top formations showing in the S&P and NASDAQ. Looks like a wedge pattern and consolidating for a breakout. Should be one more small correction overnight or tomorrow morning before it breaks out. Using yesterday as wave 1, then a wave 3 could see a nice 15% upside. No clue what happens after that. FYI, this market likes to through a curve ball every time I think I have it figured out. I am feeling pretty confident right now after 1.5 months of predicting a down turn and looking a fool. So, time for the market to make me look foolish again ;) Hope this helps.
CBOE:VXX
by Dr_Roboto
VXX/VIX made a move to the upside as predicted BUT will it stickThe VXX made a nice move to the upside today as the wave analysis predicted. It is nice to be right once and a while. It has been quite a while since I made an accurate forecast for VIX. Now the question is will it keep moving up or will things calm back down again? I personally think the S&P and Nasdaq are headed for a moderate correction over the next few days and that should drive the VXX up more. However, I would not be surprised if we see some form of "double bottom" in the VXX before a more serious move higher. The RSI is showing a bull flag, so that is promising. However, I have been fooled by that before. Hope this helps and good luck
CBOE:VXX
by Dr_Roboto
2
ridethepig | Consumer Staples (Chapter 2)The following diagram illustrates the breakup of a globalisation advance: Since the retrace in VIX has found a hard floor into the 25 lows, we may characterise the advance as an endgame for our economic cycle purposes. Now the erroneous nature of Volatility advancing can be seen. The effect of demobilising the consumer will weigh heavy on Equities, not to mention how companies position capital more defensively going forward. Consumers are uncomfortable (at least from Q3/Q4 onwards) right on time for the stimulus to fade. The following swing, which will also be quoted in the previous leg in DAX is another example. I will go over the flows briefly at this point: Equities have now lost all sense of reality, the concussion in addition to Fed conceding far too much mobility; so this may rightfully be classified as the end of an economic cycle, or at least until capitalism returns from its sabbatical.
AMEX:XLPShort
by ridethepig
4
VIX do-or-die timeI don't trade VIX options very often, and I don't give much credence to VIX technical analysis. However, when it paints a picture that seems to be confirming bigger troubles with the SPX, it's worth giving it a look. I expect more of a rounding formation/slight upward bias here moreso than a giant upward spike which is typical of VIX moves. The reason here is that the put-call ratio is already quite elevated and I suspect many people are already hedged. OTOH, options 'max pain' suggest 2800 SPX - a solid 12% away from here. seems possible, however unlikely - but would probably be much more spikey than rounded. Here, we see a bounce from the longer term support line from increased VIX reading starting in the beginning of the year. Please note: this is on log-scale.
TVC:VIX
by tacosaurus
VIX Took the Break I Forecasted; Likely Surging to new ATHsJust like I forecasted, the VIX took a break and closed the 57.5-ish gap and I am looking for the VIX to butcher its way to new ATHs. Not necessarily in a straight line, but the next leg down in equities is likely next week as cases in the US start to ramp up and ravage the domestic economy. The entire world is in shutdown. I was one of the first people to advise over a month ago to be careful longing the market and to be defensive. This was back when the SPX was 3280-3300. Those who listened would have saved most of their capital. This is not the environment to be "dip buying". Remember, equities cannot have a meaningful rally (thats sustained and not sold) with an elevated DXY and highly muted crude price. - zSplit
TVC:VIXLong
by PaulDeep19131
7