Click here for Signal Trades spreadsheet. Updates 1:20 AM ET - Thursday Click here for more economics analysis. Volatility may spike a moderate amount The 4-hour charts of VIX VVIX VX UVXY are all showing the same rising MACD pattern as shown below. This pattern suggests that volatility is likely to base and then rise a moderate amount. We think that VX can spike up to 15.8 before dropping again. This means that the short term equity bull swing that started mid-November may experience a moderate dip. It is time to aggressively protect your bull positions, but it is NOT time to enter UVXY just yet. NQ MACD pattern on NQ hourly chart confirms that it is likely to be forming a short-term top, echoing the same mood suggested by VX chart above. First level of support for VX is the zone 21208 - 21250. However, we would need MACD pattern to confirm that a bottom is formed when NQ dips into this zone. For TQQQ, the first level of support for VX is the zone 82.2 - 82.8. SOXL The upcoming dip can drop SOXL into the support zone of 28.5 - 29 before it can resume the bullish climb. TNA TNA chart is not as clear. It is very likely to retest the support zone of 53.3 - 54. We don't have enough signal data from its charts to declare whether it will find enough buyers here to climb back up again, or whether it will need to dip lower. Our personal trade plan Conditions are no longer favorable for entry into bull positions, but there is no low-risk setup to enter into bear positions either. We don't have any entry or exit plan right now. Click here for our trade results this week. Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our trades.
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