Whether the short term VIX futures (VXX) or the Ultra long version (UVXY), I love the way the charts look, especially given the look of the SPY and the afternoon range after a move higher. From experience I usually don't like trading these two and always keep positions at speculative levels, but I was VERY tempted to add to the position today.
The 1 min chart just marched higher all day.
A good divergence should migrate through the longer timeframes, such as this 2 min chart with an even stronger leading positive position and most all of the leading divergence was in a flat range (as mentioned in the last post, flat ranges are where we often see accumulation/distribution because of the stable prices).
The 3 min chart hit a new leading positive high today and has several days in positive territory.
Even the 15 min chart is in leading positive position, this is more than I could ask for considering I view this as a short term trade.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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