UVXY to repeat or EXCEED the +210% rally in Jan 2016? Long

ProShares Trust Ultra VIX Short Term Futures ETFArca

Beschreibung

⋅ 19. Aug. 2017 19:18

Bullish crossover on 8 & 50 DMA despite recent Huge Aggressive NEW shorts in Volatility on the latest spike.

Other than the recent false breakout in April 2017, the Jan 2016 crossover triggered a rally from 2900 to 6100 or 210% rally!

XIV will cease to exist...

forbes.com/sites/petertchir/2017/08/15/vix-from-fear-to-fearless-index/?utm_source=yahoo&utm_medium=partner&utm_campaign=yahootix&partner=yahootix&yptr=yahoo
SVXY, an ETF that is short VIX, has almost doubled the shares outstanding since the VIX spike occurred and has reached a market cap of $1.1 billion.

Trend Analysis Chart Patterns

Kommentare

Algyros

⋅ 19. Aug. 2017 19:45

Thanks for the chart. You're right about the Jan 2016 rally, but it's not clear if your chart can help one get out of UVXY (or short it) near 6100. If one had waited for a bearish cross of your DMAs, the trade would have been a losing one. Do you have a strategy for getting out near the top of a volatility spike?

Mehr