[TVIX] Holding Right Above Pre-Crash March Support! How Ironic..
In hindsight, I should have had more confidence in my original bottom support and waited for better value or clearer signs of breakout (i.e. crossing $160).
The last time the Stoch RSI lines both held at zero (rare but more common with velocity inverse markets) was when TVIX was $40 a few days before the crash.
If TRIN spikes back up to >2 again next week, we'll know the end is nigh.
TRADER ASSIST NEEDED:
In the hour AFTER market close today I saw the final TRIN point flip around to various positions from it's current .63 to .93 to 1.5 and back to .63 again. It was changing around as I was trying to write about it haha.
Can anyone explain how that could happen with this kind of market indicator? ( Advancing Stocks/Declining Stocks / Advancing Volume/Declining Volume )
The last time the Stoch RSI lines both held at zero (rare but more common with velocity inverse markets) was when TVIX was $40 a few days before the crash.
If TRIN spikes back up to >2 again next week, we'll know the end is nigh.
TRADER ASSIST NEEDED:
In the hour AFTER market close today I saw the final TRIN point flip around to various positions from it's current .63 to .93 to 1.5 and back to .63 again. It was changing around as I was trying to write about it haha.
Can anyone explain how that could happen with this kind of market indicator? ( Advancing Stocks/Declining Stocks / Advancing Volume/Declining Volume )
Data analyst with a passion for best fit lines B)
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