Folks - has anyone noticed that markets are making all-time highs and the Spot VIX inverse H&S pattern is still intact AND VIX-related products are positive...makings of backwardation if you ask me. Good luck!
Sentiment: Strong Buy
Now where is the head and shoulders pattern? it is 5 days later and uvxy is down another 50cents.
What up guys with all the answers on this board. Where does it go from here?
First of all its an inverse H&S - still intact. Patience.
we actualy had a good day today. market was up and tvix was up. backwardation. fear is kicking in finally.
Looks like we are about to CRACK!!!!
How high do you think this product could go with a 10% correction in the markets? Your ideas would be appreciated. Thanks in advance
Im expecting the markets to pull back to its January lows. That can take TVIX $5 to $10, depending on how fast the markets pullback to its 200 ma.
5Xs ..maybe 15.00 dollars, tops with a 20 % correction???