ProShares Trust Ultra VIX Short Term Futures ETFArca
Deskripsi
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People out here actin' like predicting the future is easy!
I'm just on my grind layin down some novel trading ideas. Take it or leave it.
UVXY definitely caught a right hook to the chin today but as I made clear in my new RSI Model idea, this type of melt down swing dip typically precedes a spike and it could be exactly what we're seeing here given a lot of data aligning for an EOM spike.
Not expecting it next week either, higher odds the week after based on how things are shaping up. It's all laid out for ya in the related ideas.
The magnitude and exact timing of the next spike is always the trickiest part but odds say we hit the mid-20's at least before EOM and HHs by mid-November (likely due to election chaos of some kind).
I'm trying to map the future for you guys here, don't take this sht so seriously! There's more to life than money people.
Happy to bide my time and take my learnings while dialing in my Crystal Ball B).
Volatility Matrix Analysis
Anyway, Volatility Matrix is looking MORE Bullish.
We got Entry Windows today for UVXY and and VXX and even VXN (not depicted here) and a LL for UVXY and VIX with both a Small BUY and Large BUY for VVIX.
If it does get down there, that’ll very likely be bottom but I don’t see how we stabilize enough for that. Too much other data pointing to high chance of fallout from evictions, Defaults, Covid and increasing permanent unemployment at any moment well beyond prevailing expectations.
Hell COVID cases already starting to spike again in US and only more shutdowns or 1/2 our country taking mask wearing/social distancing more seriously would slow that down. One devastating to the economy, the other impossible and if you do nothing, it’s also devastating to the economy.
BoneFunkenstein
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@ProfitHarvest, Here is what I got right now. We are below the 0 Fib long and short-range on a 4 hr chart. We are getting close
@bikram3saini, It’ll be back at 30 soon enough, spike delayed. I’m still lookin to the 26th for a bigger movement. May take till mid November to fully spike though.
nychump
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@ProfitHarvest, agree.... i think we get an initial spike then drop then a bigger spike similar to past spike movements
I really wish I didn't get suckered into it on the Trump tweet as my initial entry zone was 14-15 all along!
Ah well, the market games will never end.
If we get an early week pop I may try to exit at break-even and try to re-enter in the $14-15 range on capitulation.