VXXUVXYTTVIXVIXYVIXMVXZ I believe market volatility is coiling up. The vix has been making a wedge while the market has been making an expanding topping pattern. Energy appears to be building. I'm loving the vix in this range.
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maybe something like this
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this snapshot will demonstrate the divergence- market has been making larger moves/expanding. The VIX has been compressing/compressing... SImple- energy building. I can't see a way around this
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I hold to my belief that we're in a corrective wave (in market) and the next drop appears due somewhere in Nov.. I think it's going to creep up to the edge and then absolutely TANK. I think it will at least take out the August low and bottom for another rally through Christmas. My goal is to focus on these larger moves and not get distracted with fake news, lies, deceit, manipulation. This market is headed for a deeper correction and the VIX is going to show everyone what's up
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an interesting divergence on vix-daily candles. It's a bearish divergence but look at the height potential of the next possible move if it plays out again. A freak spike could satisfy this divergence again. This somewhat supports my negative outlook for market going into Nov.. potential large quick move without warning
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vix on renko can help identify price movement and wave patterns without all the noise of candles. The advantage of renko is it only prints a block when price moves in a direction. Time is not a factor. This helps identify the actual true pulse of volatility waves.
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excellent, bring it to me.
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Let's see if we can get some traction here soon. Next target for me is (D). I was never convinced we reached it. Renko blocks clean up the noise some but I've learned not to trust angled trends too much on longer term renko charts as the trend angle is actually different than regular candlestick charts. I think we'll get a rather quick drop in the market over the coming weeks that could cause this (D) move in the vix. By the time the bears pile back into the market, it'll most likely gain traction again and we'll have this grind (like we're experiencing now) again that squeezes them (again). Another important lesson I've learned on these descending triangles- (E) doesn't necessarily have to be reached. It can blow through (D) or retrace only part of the way back down to (E).. so it's not a bad idea to play this patiently but position for a long haul trade to ease into.
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This green box zone is fantastic.
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similar to 07-08, wedges are not uncommon in the vix. Let's see if it can get a little cheaper
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cheap cheap cheap.. yes yes yes
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I'm really hoping we can get it lower on this pattern- the stoch/rsi is showing potential lower prices.
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and we're back at 12.3.. maybe we can get down into the mid to low 11's!
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I'm glad I was patient on this- yesterday was a good day- Vix moved up 50% in two trading days and I sold half of my vxx/uvxy call position.. added a few puts for the pullback, and now I'm looking to add some longer term calls. I'm not convinced this is an isolated spike.. we'll see
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hold fast- it's going to get interesting from here
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cheap cheap bring bring- bulls & bears alike love volatility.. it's the oil that keeps the gears lubed so I say expect something soon. The wedge may continue to keep volatility bottled up but it's about time something happens