[TVIX] Indicators and Support Pointing toward Breakout
Checkout that upward support trend from May 12th low. That is particularly interesting given the nature of the TVIX to constantly fall lower.
Lookout for ADX crossing the DPO, better the divergence the stronger the trend.
Also lookout for RVI crossing and holding just above RSI, could be a leading indicator here of upward movement. Those indicators are really both primed signaling a pretty strong buy right now.
MACD still terrifying, it's clear something has to break. I'm betting that the news dropping 1st week of June with ensure that break is downward.
I'll be looking to expand my position Thursday and probably get my last bets in Friday before close. Maybe hold till weekend but unlikely we'll need to.
Prepare for the harvest!
Lookout for ADX crossing the DPO, better the divergence the stronger the trend.
Also lookout for RVI crossing and holding just above RSI, could be a leading indicator here of upward movement. Those indicators are really both primed signaling a pretty strong buy right now.
MACD still terrifying, it's clear something has to break. I'm betting that the news dropping 1st week of June with ensure that break is downward.
I'll be looking to expand my position Thursday and probably get my last bets in Friday before close. Maybe hold till weekend but unlikely we'll need to.
Prepare for the harvest!
Data analyst with a passion for best fit lines B)
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