May overshoot and reach $26 - $27 level.
IN THE LAST 3 DAYS - I CALLED THE FOLLOWING 160 POINTS THIS IS WHAT TRADING WITH CONFIDENCE LOOKS LIKE!!!!!!!!!! I WILL BE STARTING MY OWN EMAIL BASED WEBSITE SOON....IT WILL BE FREE AT THE START BUT THOSE OF YOU WHO SUPPORT ME AND SEND ME YOUR EMAIL.. I WILL GIVE A REDUCE/ SPECIAL RATE. EMAIL ME : SENTIMENTTIMINGNEWSLETTER@GMAIL.COM
Same old story will the fed high rate or not? Here we go, I believe the fed will hike rates next week. However I believe it will be a one and wait and this will be taken very positively for the market. This one and done idea is more important than the hike hike it self. Watch old Janet talk about it here below: money.cnn.com If the fed hikes i believe we are in...
Please support by clicking the link below... www.sentimenttiming.com I have a feeling that we might need a another good push down to get all the shorts out... that's one options or we have already ended this down move and will be going up ( making higher lows ) . PLEASE USE RISK MANAGEMENT WHEN TRADING!!!! THATS THE KEY TO WINNING
Today, we saw the break and hold below of an important long term trendline in effect for months leading up to now, as well as several strong points of support. Rationale for short: - Break of lower bear flag channel trendline & hold - Successful retest and rejection of trendline. - Broken support at 206.80s and 206.00s - Huge bull rally immediately and...
The Sentiment on 12/2 was 93% Bullish . As I noted: “In general it is never a good idea to Buy on High Sentiment.” We have seen that every extreme cluster of Low Dorsey Sentiment have been ideal time to Buy zones. However, it is little recognized that “High Sentiment and Low sentiment are materially different in that they represent different aspects of the...
The Sentiment on 12/2 was 93% Bullish. As I noted: “In general it is never a good idea to Buy on High Sentiment.” We have seen that every extreme cluster of Low Dorsey Sentiment have been ideal time to Buy zones. However, it is little recognized that “High Sentiment and Low sentiment are materially different in that they represent different aspects of the...
So with SPY near monthly strike peg of 204.5 and weekly at 209 i feel like there's some room for a bearish retracement in VXX. Gap fill might be too deep, but we want to fake reward here to be more confident about our mistake. Yes, i'm joking.
As anybody who has read my posts probably knows, I am not a big fan of earnings plays. As I have pointed out, they either go great (instant gratification) or terribly (several cycles of rolls to mitigate loss that tie up buying power). Me, I'm a bread-and-butter guy with a penchant for mechanical index ETF and TLT trades that supply a fairly constant level of...
Volatility is so BEATEN down, one has to think that some type of a dead cat bounce to the upside is in order. This bullish crab pattern could be hinting that this will be the case as June progresses and Greece falls down the rabbit hole...
Waiting for breakout and retest... first target may be $24.5 level.
UVXY contango is fairly reliable except when sustained high VIX numbers are posting, The ratio of UVXY to VIX reveals contango / backwardation channels that are predictive to the degree that any trend channel is. This is very helpful as a ratio to forcast UVXY relative to the VIX. Pictured is the current channel with an elipses and "price" tags at the upcoming...
The established upward blue channel is a good setup for short term trading. I think the case is there for buying "dips" along the blue support line. Note it was able to close above the pink resistance.
I am looking at the weekly $VIX chart. Now this pattern catching my eyes. This is a weekly bullish pattern and it's holding the twenty moving average. We might see another week or maybe 2 of consolidation before a breakout imo. In this video I am covering my trading levels: youtu.be
This is the VXX chart in log scale. All time low so far is $26.81
Took a long position via DEC calls above 46.45 (0.5 retrace) with a short term target of 52.50 (breakout/breakdown point) of this weekly view.
VXX is trying to defend 0.618 Fib, coincident with SPY pink resistance line. Should be interesting here, and I would watch the blue lines closely. Note technically, SPY has advantage over VXX at this point.