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Thursday, November 14, 2019

SVXY/UVXY - Levels and Timing in Focus!

SVXY has broken out and is poised to continue higher.

The next high is due later in November around the time of Thanksgiving.  At that time the price will then see down pressure into December 13th with the next China trade tariffs due to hit on December 15th.

10min Chart

















UVXY has clearly broken down below long term support...

2 day Chart
















19 comments:

  1. This UVXY chart shows graphically what the problem is currently with UVXY and why it drops almost every day.

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    Replies
    1. TVIX drops just the same as UV XY so what U mean UV XYI don't understand

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    2. Both UVXY and TVIX have the same problem. TVIX is worse, the decay is greater.

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  2. Expect imminent reversal, it will be an ugly Thanksgiving.
    The patterns on most indexes are almost completed with multiple divergences and awful market breadth.

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  3. The meltup materialized for SVXY. Up 7 of 8 days, and during an up week for VIX. Quite impressive!

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  4. Today, SVXY will open around the upper fork resistance. A several day dip could occur here.

    So maybe a spot to take profits. Later in the month expect some upside, but we are already close to this month's target.

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  5. Bitcoin looks interesting. GBTC $10 or under may be a decent price for pop to $12.

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  6. Replies
    1. UVXY might pop a few days but I just don't think it's worth it. It's having a rough time this month with all the decay in the futures curve.

      Thanksgiving definitely plan to enter TVIX.

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  7. Time to load up the shorts, the patterns are now completed.

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  8. Bought GBTC $9.90. Target $12.

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  9. gbtc chart daily looks like dogcrap to me

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    Replies
    1. Haha, I'm expecting lower in January. Just short term pop.

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