Saturday, July 22, 2017 5:46:09 PM
But even a small pull back on the XIV seems overdue. I tried to plot out where some of the structured support/resistances were and this is what I had in mind.
I agree, if TVIX has a nice run, I will be looking at the XIV/VMIN closer. Just wish they had followed some patterns better. LOL
Gonna try to keep an eye open for some indicator. I noticed this one from last month when the spy was going down and the XIV was going up and setting up a negative divergence. The 3rd time the spy hit it's trend line and the XIV didn't, I bought some TVIX on my way out the door to work because I felt that something was up, but by the time I got around to checking it later in the day it had already tanked and bouncing back up so I got about half the profit.
I know that the XIV doesn't follow the spy, but after looking back at the history, it comes close enough to where a big divergence is a red flag. Slight possibility of a small divergence in progress, unless the spy gaps up big on Monday.
Thank you for your input, trying to make a few bucks here.
This is the chart with some divergence showing
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