[UVXY] Volatility Matrix: Firing On All Cylinders.. 2W Forecast!
My Volatility Matrix model is indicating high odds of an incoming volatility spike.
We're lookin for a confirm with break and close above the yellow line.
Meanwhile we have this cool data supporting a high chance of volatility:
1. UVXY: 1 x LB, 9 x Entry Window, 2 x SBs straddling 1 x SS, 1 x LL (Very Bullish)
2. VIX: 1 x LB, 1 x SB, 2 x LL (Very Bullish)
3. VVIX: 1 x LB, 2 x SBs straddling 1 x SS, 1 x LL opposing 1 x HH (Bullish)
4. VXN: 1 x LB canceled by LS, 2 x SBs straddling 1 x SS, 2 x LLs (Slightly Bullish)
We will most likely hit one if not, both TPs (gold lines) within the next two weeks.
Purple line will almost certainly reject Price strongly being the core 6 month S/R and push it into another falling wedge leading up to another bigger volatility spike as that wedge gets tighter and tighter against the medium strength white horizontal S/R. However, if it does get above, expect very quick retracement, can be used as a 3rd TP.
Happy harvests! B)
We're lookin for a confirm with break and close above the yellow line.
Meanwhile we have this cool data supporting a high chance of volatility:
1. UVXY: 1 x LB, 9 x Entry Window, 2 x SBs straddling 1 x SS, 1 x LL (Very Bullish)
2. VIX: 1 x LB, 1 x SB, 2 x LL (Very Bullish)
3. VVIX: 1 x LB, 2 x SBs straddling 1 x SS, 1 x LL opposing 1 x HH (Bullish)
4. VXN: 1 x LB canceled by LS, 2 x SBs straddling 1 x SS, 2 x LLs (Slightly Bullish)
We will most likely hit one if not, both TPs (gold lines) within the next two weeks.
Purple line will almost certainly reject Price strongly being the core 6 month S/R and push it into another falling wedge leading up to another bigger volatility spike as that wedge gets tighter and tighter against the medium strength white horizontal S/R. However, if it does get above, expect very quick retracement, can be used as a 3rd TP.
Happy harvests! B)
Data analyst with a passion for best fit lines B)
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Volatility landscape is thereby slightly more bullish today...