VIX/VXX - Currently above resistance - Can it hold??Note that it is above the resistance for 3 hours now. Unlike the one hour candle earlier. Is it going to hold and we could see a afternoon jump?
VXX
VXX/VIX - Is the bear starting to wake from his slumber?See chart for details. Looks like the VXX is about to make a move in the next day or so.
VXX/VIX Waves and Pennant Patterns - Breakout impending???Two pennant patterns converging in the same area for VIX. What does it mean?
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.
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
VXX/VIX Waves - Looking to make a move upNote that I did the waves in reverse for the Vxx since it has an inverse relationship (3 waves up, 5 waves down). If that is true, then looks like VXX/VIX is looking to make a move in the upward direction. Could be a trash idea as I never saw someone use wave analysis like this for VXX.
$VXX daily-Falling wedge
-Multitude of bad economic indicators
-Volume falling with wedge
-RSI slight bullish divergence
-sitting on volume shelf
VIX/VXX Almost exact pattern match to S&P 500 drop on June 11th!Update from Friday mornings analysis. If it goes just like June, then look for potential big gap up in VXX Monday, possibly Tuesday.
VIX/VXX Same pattern forming as S&P 500 drop in JunePattern looks almost identical. Something to keep an eye on.
VXX - Back in Falling Wedge Failed Breakout? Building momentum to eventually break out? Not sure but back in the wedge, combined with the resistance the S&P500 just broke (island reversal from recent times negated), it’s looking like some gaps will be filled downwards. Still looking for 23-25 for a bounce.
VXX AB=CD Bearish patternTo the penny VXX just today satisfied leg C of a legitimate AB=CD pattern.
Target 29.84
GLTU!
$VXX Daily zoomed out-RSI at inflection point
-Falling wedge since 3/20 high
-Smaller falling wedge since 6/20
𝗩𝗼𝗹. 𝗨𝗽𝗱𝗮𝘁𝗲: $VIX Daily. 🐻🚩Has held up recently, but looks to have formed a bear flag. Lower bolli opening. Implies equities have more upside in near-term. 36 has acted as resistance the past month
$TVIX $UVXY $SVXY $VXX $VX_F $SPY $SPX $ES_F #Trading #Stocks #Volatility 💥
VXX - Possible Falling Wedge Target for the end of the range marked. Looking for a bounce around 23-25 area. Once the wedge breaks, confirm the back test, then I’d short the market. Not until then though.
Long $VXX 07/10 $39 Calls hereLooking for a good trade here as the $VXX is ready to change sentiment.
VXX to $80, iH&S formingWith Coronavirus cases surging, the global economy on the brink and a nice technical IH&S pattern forming I imagine we will go to $80 on the VXX. the confirmation of this is a breakout of the $42 area.
-Sherem
Amazon scary chartAmazon is the benefiting the most from Co-Vid 19 and should be the strongest FANG at the moment. Scary candles, high put/calls, red volume and overbought. Interesting to see technicals and qualitative data disagree. Looking too Short to 2300 and take a long position afterwords.
