VIX - More Hidden Bullish Divergence

2021年2月24日

Higher lows on the price action, lower lows on the RSI. Volatility is building up pressure. Notice how we closed on the bottom of that ascending triangle at the bottom of the bull flag. Not buying yet. LONG volatility. SHORT market.

2021年2月24日

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Price action bouncing off the purple lower trendline. Let's see if this cup and handle formation succeeds. I'm leaning towards a soft bounce then break below. Sellers are backing off in the market.

2021年2月24日

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Double-bottom on purple lower trendline support. RSI is forming higher lows. Price action is forming higher lows. MACD is moving toward buy zone.

2021年2月24日

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Bullish structure breaking down. I'm sure it'll pop again when it hits the lower channel we've been in for the past couple weeks. For now, I'm content to look at LONG positions again. All my favorite setups from last week look like train wrecks. Back to the drawing board. Happy trading.

2021年2月25日

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This trader is sidelined for the moment. Something doesn't look right.

2021年3月3日

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That bottom trendline support is disconcerting. I'd like to see us break below it by 1pm ET Thursday, 3/4.