It's 1120am MST on 2/28, and I am expecting a further market decline. I already have a VXX call option in play right now and am expecting this position will end up in the money.
It seems Russia/Ukraine war is starting to heat up despite the meeting between the two countries today.
From a technical analysis perspective, there is another inverse head and shoulders forming and the 50 SMA is crossing over both the 100MA and 200MA, which seems to be a bullish indicator for VXX and a bearish indicator for the stock market as a whole.
I hope I am wrong on this one...because that would indicate a de-escalation of the war...which we're all praying for.
It seems Russia/Ukraine war is starting to heat up despite the meeting between the two countries today.
From a technical analysis perspective, there is another inverse head and shoulders forming and the 50 SMA is crossing over both the 100MA and 200MA, which seems to be a bullish indicator for VXX and a bearish indicator for the stock market as a whole.
I hope I am wrong on this one...because that would indicate a de-escalation of the war...which we're all praying for.
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.