Sunday, August 3, 2014

iPath SP 500 VIX ST Futures ETN (VXX)


VIX futures VXX, using other settings, the 5, and 100 EMAs
Yes, in the past we did notice several "fake moves"
Now, price/volume action seems to confirm pattern reversal
Gut feelings ? If we break higher than its 100 EMA, price will shoot up fast.
Otherwise expect price to pull back and form a sideway pattern, remaining in higher lows for a few weeks, then, breaking out
Bottom line? Expect a good pull back from the SP 500

2 comments:

Anonymous said...

Thank you for sharing your thoughts, Moise!


As you know, some people still say S&P would go up to the new high before it crashes and some people don't. I believe this time would be different, but if FED and EU want to keep printing money, we could stay here for a while.

May I ask what's your opinion about it?

Moise Levi said...

I usually let price action dictate my opinion :)
If they stop printing, it means that the economy is back on track ....
Buy the rumor sell the news ...
Buy when the fed starts to print, sell when they announce the "stop printing" ...
Let the market pull back and buy on the dip (dip of 15 to 20%)