Weekly view on VIXY/TVIX confirms the trend should be flipping to Bullish by next week. Weekly RSI trend has just broken to the upside. Recently broke out of the shoe/banana pattern. VIXY has followed this pattern for years, so I feel this is strong.
Everything is lining up to next week sometime we should see SPY go down and VIXY/TVIX go up.
EXITS -At pink line around $19 -If Daily RSI gets to 70 or higher
If we don't get a bullish trend by next week on VIXY, I am wrong.
For Daily view posted yesterday see chart below.
Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL
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I have exited the trade due to China Deal phase one closing. Tariffs put off. I will wait for another entry and update then. Catalyst was not successful in this case.