Good day folks,
Looks like the market wants to go up. Is it going to last? I don’t know, but from what I can see on VXX, the pain is not yet over.
Basically, if this H&S materialize, the market could go higher for the next 2-3 days, then making the right shoulder would bring it lower. Pretty much flat for the next few days until next week, then we could see more movement on either side.
I’m a little bit late imo to trade the head drop in VXX at this time. I prefer to wait and trade the right shoulder both sides.
*Keep in mind that the last H&S in VXX did not sell, so better to wait for clear movement.
Thank you,
Looks like the market wants to go up. Is it going to last? I don’t know, but from what I can see on VXX, the pain is not yet over.
Basically, if this H&S materialize, the market could go higher for the next 2-3 days, then making the right shoulder would bring it lower. Pretty much flat for the next few days until next week, then we could see more movement on either side.
I’m a little bit late imo to trade the head drop in VXX at this time. I prefer to wait and trade the right shoulder both sides.
*Keep in mind that the last H&S in VXX did not sell, so better to wait for clear movement.
Thank you,
注释
With the rally we got after the Fed speech, i think it is most likely that VXX drop further, around 34, and make a smaller right shoulder. Anyway, pure speculation at this point. I'm gonna update once we have a reversal or cancel.
交易开始
Right shoulder in the making.注释
unless the market starts selling, there will be no right shoulder.注释
Finally some signs of weakness in the indexes. For tomorrow, I think the indexes will be going down for the first 2 hours, then go back up for the next 2-4 hours. I think the best time to be long VXX would be between noon and 2. We will see. Have a good evening,
交易手动结束
This is it; this was a small shoulder...
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。