Market top here because TVIX 1-year high volume today?

[Saltynuts]

TVIX will ALWAYS hit new lows. The only question is how long it will take to do so.

Yes, but that might be 1 year later after spiking 10x. That can be brutal, or a blessing, depending on what side you are on.

All those velocity things like TVIX, UVXY, VIXY, VXX, and what not, based on the VIX, are just derivative of market movements. I think it is probably wiser to pay attention to the movement of the underlyings, probably all SP500, but I really don't know. Great thread.

P.S. my vote is pullback is all this is, going higher in the relatively near future.

 

[padutrader]

my vote is pullback is all this is, going higher in the relatively near future.

yep
this is 2 leg pullback on the daily and will probably take off on Monday......if not it will dilly dally here and then take off

the market appears to be building a base to go up from rather than a top.

if and when it builds a top then it will be clear

tops take time to build

they are not a point or a level

 

[vincentnyc]

When I trade tvix, I watch spy. Made a shit ton on money scalping tvix on Friday 1/24/20.

 

[KCalhoun]

wtg re tvix, it's tricky; eg buy the dip sell the rip, i was up a bit on it fri too

 

[KCalhoun]

fyi here's inverses/size im in, $11,000 shorting the mkt

 

[greeneveryday]

fyi here's inverses/size im in, $11,000 shorting the mkt

View attachment 217730

You will be lucky if still green on these at open... Lol...

 

[KCalhoun]

true, i'm tempted to sell some premkt soon to lock in $ tvix s=49 r=54

i remember when it was 60 aftermkt on iran news a week ago then back down to 40 next day

 

[Saltynuts]

Looking to still be in the green upon open haha.

 

[Pekelo]

This post aged like fine milk in the Sahara.

Ahh, the old hindsight. Call a top after a 1% drop.

How about now? 1.6% down...

 

[greeneveryday]

Dip bought up fast... Green by end day