VXX trade ideas
VIX Daily - 01132023 BreakdownVIX Daily represented in a Symetrical Triangle coming into the pattern from a bearish stance. This generally signifies a continuation pattern as it has on this chart. Its odd to see the VIX dropping while the SPX is also dropping today. Lets see if that holds. We may get BTD going on and the VIX may retest the pattern as it should.
$VIX close to lower end of rangePre-market we're looking for RED
Sold lil more #stocks after posted we did some selling yesterday (posted elswhere)
Have💵& tons of leverage (only use on occasion)
$NDX should open around yellow line 11270s
$DJI support around 33800s
$VIX clobbered, due for bounce
Have a great trading day!!!
VIX with Historic Spikes AnnotatedLarge spikes in VIX since 1990 highlighted with notes showing the events that caused them. Helps put into perspective where we are now in the markets. The yellow line shows the approximate low of VIX since the pandemic started and the red line shows an approximate line of best fit of when the VIX was low, and markets were calm since 1990.
LONG VIX: 2023 TRADE OF THE YEAR!LONG VIX:
Add/ double down 19.1, 16.5, 15. Then on any pops remove the higher bids.
Target is 40/50/55 depending on macro circumstances.
VVIX is also systemically undervalued. the vol space is primed for green dildo. volmaggedon was Q12018. i expect something similar. all we need is 0.5%mom core inflation on jan 12th or feb 15th and this will print imo.
$VIX closing in on lower part of trendCOPY paste from elsewhere
Let's talk $VIX again
Different #VIX views:
1 Weekly hasn't closed above grey lines
Long term uptrend
Daily WEAK
2
In symmetrical triangle
Bottom part of trend is likely 2b tested
RSI still positive
IMO would reduce longs @ low end & see how it plays
$SPX #SPX #stocks
VIX Daily Breaking Down out of large Symmetrical trianglePretty large pattern. I wanted to draw it as a diamond reversal pattern, but it was more so because i expected the SP500 to drop not rally today. Nope... Trust the patterns. Lets see how low the VIX can go. It was in the 19's when I published this.....
A VIX play for newsLook what happened to VIX right after December's CPI release. Equity and bond markets reacted positively, so VIX tanked... but then bounced most of the way back by 12:30.
Traders who are long and want to hedge news could try this play:
Set stops for their longs and buy an appropriate amount of VIX.
If the markets tank, expect VIX to advance strongly, and take a profit as soon as you can.
If the markets rip, wait for VIX to dump and bounce and sell the bounce.
$VIX close to bottom part of rangeHard 2b bear, yet so much NEG DATA
Doesn't make sense, does it?😄
$VIX Long Trend being threatened?
$TNX & 2Yr #yield hovering, higher lows
Getting weirder
US #Dollar $DXY @ level we called few months ago
Things about to get interesting!
#stocks #crypto #gold #silver #bonds
Beware of the vix. I would love to dive into more depth here, but I'd really have to start doing a consistent video series for that. I've been watching time cycles which I've charted on the vix and the SPX for a while and there's a very important region coming up near the end of January.
Those unfamiliar with cycle analysis should go study it a bit as this post won't explain it much. All I'll say is there's a trough/cycle end region coming up near the end of January or very early February, on the vix. The vix charts are messy and cycles are *not* perfect in real life, which is why you have to find a date range and watch price action closely around that time.
My overall picture on the S&P500 is bearish long term still, even after all of this. However, that does not mean it won't still go through big relief rallies first.
In fact, the S&P500 is due for a relief rally, some individual stocks already bottomed last year, some are bottoming now, and some have not bottomed yet. That's the problem with stocks, and index funds, that various stocks, usually by market cap, bottom at different times, and some may start moving up while the big ones continue dragging indices down. In times like this, it is in my personal opinion (NOT FINANCIAL ADVICE) that it's better to pick your own basket of stocks than to go with an index fund at this time.
Watch the cycles, they are broad ranges, but something is likely brewing in the vix by early February.
***This is not financial advice, and should not be taken as such what so ever. These comments are a reflection of my personal opinions and charting and should not be used in any way to make financial decisions. Do your own DD***
VIX is reapeating the patternA rule of 2 gives a perfect VIX long setup into Q1 on 2023 rally.
The markets are not over with the downside and VIX didn't get even one bottoming signal in 2022. It was intermediate bottoms, but no panic
Im going to add more VIX calls, Apr expiration this coming week.
Its in consolidation mode and should end soon with the breakout
VIX in DIAMOND BUTTOMS!!!!!On the VIX Volatility index , I have observed a diamond pattern, which suggests that the current instability in market sentiment is likely to lead to a rise in market prices. Based on this, I decided to open a long position at the entry price of USD 21.21. I have set the Stop Loss level at USD 19.53 so that if market prices turn worse than expected, I can close the position with minimal loss. And I set the Take Profit at USD 24.26 so that if the market prices reach a certain level, I can automatically close the position at the best possible price. It is important to note that this is only my own observation and does not constitute investment advice. Everyone should make decisions in the financial markets at their own risk.
VIX Trend As we can see today the SPY bounced up from it's trendline in the morning, breaking out on a major resistance.
Two scenarios can happen tomorrow
#1
VIX bounces from the trendline causing the SPY to go down which would invalidate todays breakout and cause it to come back down. Considering that both the SPY and VIX have an opposite GAP it could go either way.
#2
VIX breaks the trendline and may come down to fill the GAP it has around the marked area. In this case we can confirm that the SPY can move up to fill it's GAP as well.
Trade safe ! I'd love to hear your input and thoughts on this.
Vix update Purple line 50sma...
If we close above this, the next resistance will be trendline at 24
Starting to get overbought on the 1 hour chart and 2 hour chart...
Which means unless this is a black swan event we may cool off at 24 until FED minutes...
Personally I don't like being short equities, especially swinging when the vix becomes overbought on 1 hour..
On the day before the last CPI pop the vix was overbought on 1hour and the next day the indexes rallied 3%. Now we're going into the FED minutes overbought.. let's see what happens.
The double bottom pattern has almost fully rounded here
2 things I'll be watching
1.Qqq 260
2. Vix 24