UVXY
Nightingale, technical traders do better than fundamental traders because as Rambus has mentioned, “everything is baked into the charts”. I understand your fundamental reasoning; however, this has not worked for me in the past. As a result, I focus and trade directly from the charts. Trying to avoid “the noise”…We are all human, and this is by far, the hardest part.
UVXY will let us know when the time is right…
Good luck Nightingale…
Thank Eagle for your tutorial. I did not mention I would buy UVXY … just thinking out loud.
Just wanted to point out the extrme LOW VIX …. sure can go some lower eq. last blow off.
As you mention Rambus and he is PRO-SM … and this chart originally came from him …. this chart should worry I guess. IF he follows his own VIX-chart …. he should sell SM. But I guess he sees something else …. a never losing SM.
Keep an eye on VXZ as well.
It focuses on MEDIUM term VOL.
Quite a bit less frenetic …. needs a large degree w4 up, then w5 down (with divergence) to bottom imo.