Looking to take advantage of possible down turn, to buy TVIX
Reason / concerns - China has been having issues and I believe them to get better but in the 2 month term having a larger down move again. - Greece is showing more and more positive news but should cause huge rally as it's contribution to the global picture really isn't that large. - rising short interest in S&P500 - possible head and shoulders, similar to 2011, 2008, 2000 - four touches on support on rally similar to TSLA rally ending last year.
I am looking for possible resistance in area 1 for trade entry but I will put a position on in area 2 in no resistance in area 1. Looking to hold until at least 2020ish.
I am using TVIX as it is leveraged and inverted to the S&P500
Update July 13, 2015 I entered the TVIX at 7.25 when SPX500 was around 2100. I had originally wanted to get into TVIX around 6.95 but I was patient enough :(
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.