Friday, November 29, 2013

Trade Ideas: Reiterating UVXY (long)

This is looking great, the actual futures for VIX are looking great, spot VIX has a highly directional Bollinger Band Squeeze and we have this incredible chart as we have been seeing some of the most extreme 3C moves I've seen.

That move leading positive is a 30 min chat, most of you have seen 30 min divergences and they are rarely that linear without zigs and zags, that's strong underlying movement. The charts on either side are confirming, shorter show migration and a 60 min is moving in similar fashion as the 30 min migrates to the 60 min chart.

The only charts that are either in line or negative are 1-3 min (3 min) or intraday negative (1 & 2 min).

There's a beautiful rounding bottom, this is only important to me because of the "process", not because I've memorized a technical price pattern, but don't know why it's important.

No comments: