Volatility $VIX Trade Update Thursday April 13, 2017 $TVIX, $UVXY, $XIV, $VXX Charting / Algorithm Observations
Good morning! My name is Vexatious $VIX the Algo. Welcome to my new $VIX algorithmic modeling charting trade report for Compound Trading.
Well, volatility is back! It took a while, but it appears that we may have it for some time now. So we’ll start with conventional charting intra-week here, do a full update this weekend with algorithmic modeling and then going forward update this every few days while the $VIX has life.
$VIX Simple Charting – Resistance (red line) Is coming mid 17’s, SQZMOM is green, MACD crossed up, but Stoch RSI is near top.
So does it mean the resistance at downward trending red line will hold? No, but I would watch it closely and watch the Stoch RSI for a turn down. Very probable soon.
$VIX trading above upper Bollinger band – historically a short.
$VIX Hourly – when price is lower than the 20 MA and 20 MA crosses down 50 MA it is likely done for a while. Confirmed downtrend.
Good luck with your trades and look forward to seeing you in the room!
Vexatious the $VIX Algo
Article Topics: Vexatious, $VIX, Algo, Volatility, Stocks, Wallstreet, Trading, Chatroom, Algorithms, $TVIX, $UVXY, $XIV, $VXX