$VIX $VXX going by the bookwith the upcoming debate and the new October volatility VIX and VXX are certainly under performing right now ,easily could go to 40
ATMP trade ideas
[VXX/SPX x SPX] Volatilty Ratios: Can We Predict the Future?This seems like as good a place to start as any!
I've been calling for a little more upside tomorrow before sliding back down from there and this magenta line I just laid aligns with where I'd expect this thing to stop. If we break this dam, there's gonna be more waterfall.
Lets watch this playout and measure along the way B).
VXX/VIX Waves - Looking to make a move upNote that I did the waves in reverse for the Vxx since it has an inverse relationship (3 waves up, 5 waves down). If that is true, then looks like VXX/VIX is looking to make a move in the upward direction. Could be a trash idea as I never saw someone use wave analysis like this for VXX.
VXX - Supported at Target and Mooning!! Volatility Increasing VXX hit the target zone called out back in July and has since skyrocketed. Today it ticked my top target and is in the red cloud on the daily. I imagine we see a little pull back here before we press through the cloud and look to go even higher. Volatility is going to sky rocket into the elections. Congrats to all who played this!! And good luck to all who will still!!
“Can’t do TA on the VXX” Lmao, how much would you have made on calls at that bottom support tick if you went long until today?? BS
[VXX/UVXY] My Wildest Volatility Ratio Chart Yet!Was just playin around with VXX and stumbled upon something neat... I don't fully understand what a VXX/UVXY ratio means exactly yet but boy I see many consistent patterns here and one epic divergence that we're in right now!
Also always remember to check out DIX: squeezemetrics.com
It hasn't been this limp since early 2018, when the first Correction of this megaphone pattern we're in hit. The Divergence area of GEX/DIX is greater than anything we've seen previously aside from again late '17 early '18 and this while shorter in time is far more divergent.
We're quite possibly in the midst of a blowoff top on this massive 6M wedge.
Just some friendly weather data from your local Stock Farmer B).
As the S&P500 finishes its 5th wave, the VIX may look to riseThe S&P500 has almost touched on its previous ATH, making a correction as the next move seem like the logical next move given economic uncertainty and a further pump under these conditions despite elements like efficient market hypothesis, may indicate an unhealthy expansion.
VXX/VIX - Looking for move above resistance today?To early to have the latest VX data for the day. However, looking at S&P and NASDAQ outlook for today I am going to say we get a good move to the upside today above the resistance line. If so, then this could setup a new support line and may indicate that VIX is looking for a larger break out later in the week.
VIX/VXX managed to stay above major resistance all dayThe VIX managed to stay above its major resistance level for the entire day to day. That is a very bearish signal that it is ready to make a move. I would assume it may be a large move to the upside given the major trend line, wedge pattern, and major resistance line from February. Too many things in one spot.
VXX/VIXX looking for a breakout tomorrow?Update on my last two VXX ideas. So far everything is going to plan. As I thought, VXX is showing a "double bottom" in correlation to the double top formations showing in the S&P and NASDAQ. Looks like a wedge pattern and consolidating for a breakout. Should be one more small correction overnight or tomorrow morning before it breaks out. Using yesterday as wave 1, then a wave 3 could see a nice 15% upside. No clue what happens after that.
FYI, this market likes to through a curve ball every time I think I have it figured out. I am feeling pretty confident right now after 1.5 months of predicting a down turn and looking a fool. So, time for the market to make me look foolish again ;)
Hope this helps.
VXX/VIX made a move to the upside as predicted BUT will it stickThe VXX made a nice move to the upside today as the wave analysis predicted. It is nice to be right once and a while. It has been quite a while since I made an accurate forecast for VIX.
Now the question is will it keep moving up or will things calm back down again? I personally think the S&P and Nasdaq are headed for a moderate correction over the next few days and that should drive the VXX up more. However, I would not be surprised if we see some form of "double bottom" in the VXX before a more serious move higher. The RSI is showing a bull flag, so that is promising. However, I have been fooled by that before.
Hope this helps and good luck
