VIXCBOE (VXX, UVXY, VXX) tracking volatility, known as the fear index, practically feeds on selling.
About once every three months the vixcboe tends to spike significantly. In the chart above, the green lines represent the last candlestick of the relative uptrend leading up to the start of the following. Each line was cloned and perfectly lines up, so theoretically the next leg higher should occur WITHIN two weeks.
Typically when the AO, MACD, and S.RSI break above with confirmed price action, the trend should sustain until shown otherwise. For example, in September all three indicators were lined up and strong selling ensued, similarly in January.
Currently we have two aligned, but we still waiting on approximately one more week of price action and stochastics to break above the moving average out of oversold territory. I think earnings will be the ultimate driver for the next leg up or down, but it's likely we could see broader market selling in the near future. The lowest the VIXCBOE has gone to date is $12, and right now it's barely hanging above $13.
About once every three months the vixcboe tends to spike significantly. In the chart above, the green lines represent the last candlestick of the relative uptrend leading up to the start of the following. Each line was cloned and perfectly lines up, so theoretically the next leg higher should occur WITHIN two weeks.
Typically when the AO, MACD, and S.RSI break above with confirmed price action, the trend should sustain until shown otherwise. For example, in September all three indicators were lined up and strong selling ensued, similarly in January.
Currently we have two aligned, but we still waiting on approximately one more week of price action and stochastics to break above the moving average out of oversold territory. I think earnings will be the ultimate driver for the next leg up or down, but it's likely we could see broader market selling in the near future. The lowest the VIXCBOE has gone to date is $12, and right now it's barely hanging above $13.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.