Each time Stoch reached +80 it sold off.Huge green vol bar is reversal indicator to downside. $UVXY. Get ready
DJP trade ideas
VXX ready to popI took a small 1/4th position in VXX today. (Tight Stop)(Short Term). Volatility seems to jump up in timed intervals and my calculations are telling me it's soon due. If the S&P500 pushes up next week, I will stop out with a small loss.
VXX Breakout WatchTwo day intraday breakout wedgie trying to get something going here. A break above declining trend line resistance targets 16.30-16.40. Trade it with caution. "First it giveth then it taketh away..."
next test is a daily close over the 100 sma. This has been strong resistance (currently $20.75) $VIX $SPX $SPY $DJIA $DIA $IWM $QQQ $XIV
VXX Factoid of the day10/50 sma cross today 1st time since 6/19/12 $XIV $VIX $SPY $SPX $QQQ $IWM $UVXY
As long as VXX closes above 20 sma this setup is still bullishstill setting up as a Inverse H&S breakout candidate IMO $VIX $XIV
Bearish reversal for VXX?Not so fast. Some reasons tdy price action not as bearish as may seem.$VIX $XIV $UVXY
Unable to close above the 50DayMA VXXIf we have a neutral to positive day in the indexes we will see VXX plunge like yesterday. If not it will settle down in the next week or so.
