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Thursday, May 14, 2020

TVIX - Get Ready!

TVIX has been consolidating and appears to be getting ready for another Volatility spike.  TVIX should fall next week to test the main support.

Price and Time have come together this month of May.

Daily

















30min Chart

70 comments:

  1. This message is for Louis Lombardi:

    I would like to apologize for my rant yesterday, I take back what I said and I hope you, SC and everyone else can forgive my trespass.

    All the best to everyone.

    ReplyDelete
    Replies
    1. Its ok brother i don't hold grudges
      I'm short uvxy as high as 49 46 42and tvix at 204 I think market win go up to 2950
      And possible 3000 by monday

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    2. Thank you Louis, the next few days should be interesting. Looking for a large move between now and Wednesday (5/20).

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  2. SC I appreciate you sharing your charts and timing with all of us. Quick ?. At what price is uvxy a buy next week ($27-30) and what is the target for the exit?

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  3. Are you selling your tvix or holding for the next run up.

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  4. Sc do you still see tvix going to 260 before plunge ?

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  5. TVIX took profit but it probably will runup again before coming down to $120.

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  6. Replies
    1. SVXY is a weak chart and finding resistance at the 50 dma. Looks like it could fall to $28.

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    2. For short term bounce ?
      What is your target please ?

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  7. Do you still expect TVIX to hit 260 early next week before it falls to 120? Time seems running out and 05/21 is just 4 trading days away.

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  8. I think TVIX is still moving higher. $280.

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    Replies
    1. It's too early for the next panic but a short term pop in volatility does look likely.

      Starting to build TVIX position.

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  9. Bought a 50% position in TVIX.

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    Replies
    1. It was $1000 two months ago.

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    2. Yes I saw that manipulation putt Robin capital out of business

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  10. Sc what is your target on spx. It it 2700

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  11. Covered half mt short in tvix 182

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  12. My point is you didn't buy it down there

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  13. I shorted that piece of shit at 750
    Lol piecd of garbage going to zero q day

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  14. The game has changed. VIX futures remain in backwardation. This is bull market in volatility.

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  15. covered all shorts in uvxy and tvix

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  16. Ronin Capital took the other side of my Friday the 13th VIX trade.

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  17. sc, it is same thing as march, why you did not buy tvix at 120, now buy at 180

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  18. @sentimentrader
    This week, the smallest of options traders opened 14.5 million contracts betting on higher prices (buying calls and selling puts).

    Contrarian ??

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  19. SC... can you please post a updated SPX chart?
    Thank you

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  20. Sc there's your huge rally Jay powell coming to rescue i had the short on tvix
    Made nice money today would've been a bang though I'm wondering were the bottom in tvix could be maybe 138

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  21. SC - would you scale in more TVIX for the pop to 280?

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  22. like i stated last week.When the market is moving this blog is silent.

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  23. Sc do u think tvix to 100 now

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  24. We just passed the 61.8% on the Fibonacci retracement level.This is the number everyone has been watching.The spx should keep rising based on this.

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  25. Sc tvix in free fall what is your lower target138?

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  26. The important update is coming.

    The market has been rising into the next turn date as anticipated. This is setting up beautifully from all angles.

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    Replies
    1. SC - are you still looking for SPX 2,375 or lower by July? Want to get positioned accordingly :)

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    2. Scaled in more shorts at 2,980 SPX. No one wants to join me in shorting near the turn date with 15% unemployment lol?

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  27. Thanks sc. Waiting for new update. What is the next turndate. I think may 21

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  28. Fireworks in reverse until the 4th of July?

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  29. SC do you still see us going to 3050?

    It seems we're already at your white trendline.....

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  30. Since May 8th, VIX has been testing and finding support at a fibonacci level modeled from the December 2018 selloff.

    Possible breakout scenario looks like it could be around 50 on the vix. MACD on the VIX daily supports a breakout theory. But FED could still crush it.

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    Replies
    1. Holding long volatility over the holiday weekend unless Vix gets above 40 by EOD Friday.

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    2. If vix support starts to fail, though, I will drop the position

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  31. I think we r on the good track to new lows.

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  32. Hmmm Jesus... I hope sc is alright.. haven't seen him post here in days...

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    Replies
    1. Sami he is the one who approves your message to be put on blog lol

      Delete
  33. https://www.youtube.com/watch?v=IliBMtb5ut8&feature=em-uploademail

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  34. May 21st still major turn date? Is SPX going down now into July 2375?

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  35. SPX dropped on the turn date, and in particular Hong Kong plunged overnight. Definitely markets are heavier.

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  36. Vacation week coming though. The action may be relatively subdued to start.

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  37. Sc r u still exoecting higher prices tvxy 100 before plunge

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  38. SC, is TVIX at $156 a good place to take a position for the next move?
    Thank you!

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