SVIX | SPY Comparison Expecting one more for both 🔮AMEX:SVIX AMEX:SPY SP:SPX CAPITALCOM:US500 CME_MINI:ES1! SVIX bear flagging and consolidating in a bear flag. SPY doing the same. Wave 5 next targeting new lows followed by a big bounce.Shortby Big_Bull213
SVIX Bearish butterfly?Will volatility come back to life? Not sure but sharing to track. Shortby TheAmericanTaxpayer1
SXIV chart has formed as one big butterfly pattern! In a real case of harmonics chart art, the SVIX entire trading history since launch has built up into a big butterfly pattern. Really interesting chart and worth bookmarking so we can see how the pattern plays out. Common sense considerations here; Charting derivatives has a lot more variance (If it works at all). Charting things with limited chart data has a lot more variance (If it works at all). But what that said, this is quite an incredible chart. The classic harmonic rules here would imply this is about to drop hard (Meaning VIX rockets). If that happened, this would be an iconic example of how cool harmonics (Sometimes) are. Shortby holeyprofit2
SVXY - Massively Overbought - Low VolumeEveryone thinks shorting VIX is a good idea. Until it's too late. VOLATILITY TO SURGE.Shortby EpicEconomics113