[UVXY] Volatility Matrix: Looks Like We May Have Hit Bottom!
Today may have been just the turning point we were lookin for to precede a volatilty spike taking off later this week.
Right now the model is only marginally more bullish than Neutral but is the last place we were looking for near term confirms as the bigger picture is still quite bullish for volatility.
At the 2H this turn has only just begun so it is only weak signals right now but if this does turn into a spike then we may have found quite the little formula for getting in early.
Signals from Weakest to Strongest:
LL: 1 x UVXY, 2 x VXN, 2 x VIX
BUY Window: 5 x UVXY, 1 x VVIX
SB: 1 x UVXY
Still looking for more SB's and especially LB's to really confirm another up breakout but everything is leanin in the right direction now after today.
UVXY chart is all fcked looking at this view haha, I'll break out the new structural S/R channels there separately (also more bullish after today!).
Right now the model is only marginally more bullish than Neutral but is the last place we were looking for near term confirms as the bigger picture is still quite bullish for volatility.
At the 2H this turn has only just begun so it is only weak signals right now but if this does turn into a spike then we may have found quite the little formula for getting in early.
Signals from Weakest to Strongest:
LL: 1 x UVXY, 2 x VXN, 2 x VIX
BUY Window: 5 x UVXY, 1 x VVIX
SB: 1 x UVXY
Still looking for more SB's and especially LB's to really confirm another up breakout but everything is leanin in the right direction now after today.
UVXY chart is all fcked looking at this view haha, I'll break out the new structural S/R channels there separately (also more bullish after today!).
Data analyst with a passion for best fit lines B)
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