[TVIX] Soft Breakout Alert... Buy Demand Increasing Above Trend
Lots to love today. We finally got the upside trend breakout we've been looking for for two weeks now haha.
1st bar today punctured channel and closed exactly on the support and second bar brought it home for us.
As promised, I did reup a little here on all my short positions based on that breakout.
This is a small but critical TVIX milestone for all the riders out there.
Remember this is the LOW end of the downtrend channel, breaking the second yellow line (around ~$150) will signal a much stronger Buy. Just soft buy now for risk takers.
If you got in at $108 you done good! Didn't expect it to reverse so sharply here. Although the VIX did give some indication of this as TVIX dropped a significant degree further yesterday. Reversion to the mean and whatnot.
MACD cross with lots of upside room.
RVI/RSI in uptrend with RVI leading the way with solid divergence.
DMI+ edging toward DMI- with ADX neutral and ready to swing.
DPO rising with ROC rising faster and ADX cross and way above already, very bullish.
Almost harvest season!
1st bar today punctured channel and closed exactly on the support and second bar brought it home for us.
As promised, I did reup a little here on all my short positions based on that breakout.
This is a small but critical TVIX milestone for all the riders out there.
Remember this is the LOW end of the downtrend channel, breaking the second yellow line (around ~$150) will signal a much stronger Buy. Just soft buy now for risk takers.
If you got in at $108 you done good! Didn't expect it to reverse so sharply here. Although the VIX did give some indication of this as TVIX dropped a significant degree further yesterday. Reversion to the mean and whatnot.
MACD cross with lots of upside room.
RVI/RSI in uptrend with RVI leading the way with solid divergence.
DMI+ edging toward DMI- with ADX neutral and ready to swing.
DPO rising with ROC rising faster and ADX cross and way above already, very bullish.
Almost harvest season!
Data analyst with a passion for best fit lines B)
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