Comments on: Market Sentiment & Precious Metals/Forex Analysis 8-19-20

By: rsotc

rsotc — Wed, 19 Aug 2020 20:36:20 +0000

In reply to dpatel.

My VXX chart & comments in the previous reply above in case you have elected to receive notifications on replies to this thread. https://rightsideofthechart.com/market-sentiment-precious-metals-forex-analysis-8-19-20/#comment-19714

By: rsotc

rsotc — Wed, 19 Aug 2020 20:36:10 +0000

In reply to hotrodricky. Here's my VXX daily chart with some overhead resistance levels/targets but better to use the chart of $VIX for timing entries & exits as VXX doesn't track the $VIX directly (VXX tracks short-term VIX futures) and the charts will also be distorted over time to fees, expenses, etc. from managing & rolling the futures. I included a chart of $VIX with key levels in the post-market update posted today. The $VIX appears poised to pop any day now, quite likely tomorrow based on the end-of-session breakdown on the indexes today.

By: dpatel

dpatel — Wed, 19 Aug 2020 19:44:24 +0000

@rsotc-yes I’m interested in vxx too,thanks

By: hotrodricky

hotrodricky — Wed, 19 Aug 2020 19:31:27 +0000

In reply to rsotc. Randy, could you touch on VXX.

By: rsotc

rsotc — Wed, 19 Aug 2020 19:16:22 +0000

FYI- The 3 charts of the put-to-call ratios covered in the video were added to the post above after it was initially published.