Vixidea
VIX BULL$VIX is creating a Bullish 1-2-3 Pattern at its previous market structure bottom (Support marked by the grey box). Price is currently consolidating at support and what historic price action tells us is that price usually has a period of consolidation known as a pullback or "Retracement" before it continues in its overall direction. I have price returning to an older higher-low Level @25.50 and beyond.
[TVIX] Indicators and Support Pointing toward BreakoutCheckout that upward support trend from May 12th low. That is particularly interesting given the nature of the TVIX to constantly fall lower.
Lookout for ADX crossing the DPO, better the divergence the stronger the trend.
Also lookout for RVI crossing and holding just above RSI, could be a leading indicator here of upward movement. Those indicators are really both primed signaling a pretty strong buy right now.
MACD still terrifying, it's clear something has to break. I'm betting that the news dropping 1st week of June with ensure that break is downward.
I'll be looking to expand my position Thursday and probably get my last bets in Friday before close. Maybe hold till weekend but unlikely we'll need to.
Prepare for the harvest!
VIX the index of Fear! (31/07/2018)Hello Traders!
There is the devilish and confusing correction on VIX index!
Although it’s readable and has the close negative correlation with E-mini S&P 500 and SPY index (etf).
Sure, that the price is forming the “Leading Diagonal Triangle” (LDT) in “a” subwave.
So it gives the opportunity, to predict continue of uptrend tendency on ES & SPY near time.
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You're welcome!!!
Best regards, trader Igor.