Respect volatility! Positive divergences in a supressed market.
First of all, you have to realise how low the volatility of volatility is! It is visible from daily ATR. (Can I call this Gamma?)
Weekly:
- We already saw two blow ups in volatility this year, but again Ichimoku of the VXX ETF is still bearish. Upper key area is/will be 27,50-29,50
- Heikin-Ashi is bearish, but we may see a higher low this week. We have to check it again on friday close. Meanwhile pls note the positive divergence being built in haDelta!
Price reached key resistance at15,50
- EWO is bearish, but it has also been building a positive divergence.
Daily:
- Ichimoku is bearish, but Kijun is dropping lower. First reversal indication would come with a close above trendline and Tenkan, confirmation and volatility spike when Kijun is crossed too.
- Heikin-Ashi is noisy. Small doji like candles in a row. haDelta? -> positive divergence, but still hesitating ard zero line.
- EWO is bearish, with some positive divergence.
- Key levels for a reversal and for a counter long setup: 16,75 / 18,00 / 21
Conclusion: we still have time before a proper buy signal emerges, but where to start bottom fishing in Volatility if not here, with so many bullish divergencies on the charts?
Buy small, and buy more in case you see a firm Heikin-Ashi reversal signal, with price breaking above bearish supports.
Weekly:
- We already saw two blow ups in volatility this year, but again Ichimoku of the VXX ETF is still bearish. Upper key area is/will be 27,50-29,50
- Heikin-Ashi is bearish, but we may see a higher low this week. We have to check it again on friday close. Meanwhile pls note the positive divergence being built in haDelta!
Price reached key resistance at15,50
- EWO is bearish, but it has also been building a positive divergence.
Daily:
- Ichimoku is bearish, but Kijun is dropping lower. First reversal indication would come with a close above trendline and Tenkan, confirmation and volatility spike when Kijun is crossed too.
- Heikin-Ashi is noisy. Small doji like candles in a row. haDelta? -> positive divergence, but still hesitating ard zero line.
- EWO is bearish, with some positive divergence.
- Key levels for a reversal and for a counter long setup: 16,75 / 18,00 / 21
Conclusion: we still have time before a proper buy signal emerges, but where to start bottom fishing in Volatility if not here, with so many bullish divergencies on the charts?
Buy small, and buy more in case you see a firm Heikin-Ashi reversal signal, with price breaking above bearish supports.
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