DT 3 – November 7th 2019 – Buy iPath® Series B S&P 500® VIX Short-Term Futures™ ETN (VXX) with Limit 18.85 USD – TODAY

 

  • VXX About to reverse (MACD).

  • RSI bouncing from Below 30.

  • “Kind of ” Market hedge  as acts in reverse mode vs SP500.

  •  S&P500 at the most overbought level since 1 Year. Reaction is nearing ! 

  • ONLY for very short term – See Link below “How Does VXX work? “

 

 

How Does VXX works ?

 

 

EURUSD entering multiple support/resistance range (1.1550-1.17) and DAX topping

 

EUR/USD (1.1695) is entering the long term key range of resistance support 1.1550-1.1700 :

  • 1.1715 was the August 2015 Top.

  • 1.1616 was the May 2016 Top.

  • 1.1550 was the Novemberr 2017 Bottom.

1.15 target mentionned in the April 12th post is in sight BUT a (big) corrective bounce could take place any time from the abovementionned  key levels . Down trend remains nevertheless in place. 

 

DAX : 13200 Target mentionned in the May 2d post have been reached yesterday…

Not a good sign to see DAX correcting lower while EUR is weak … MACD Daily shows Bearish signal today ( to be confirmed end of session).

 

 

DAX breaking higher

 

Long term support/resistance breaking higher on DAX ( Thank you EUR/USD ! )

The 12650-12670 ( 2 black lines below) seems to be broken : these levels match with :

1/ July 17 resistance
2/ trigger level for up move in september 17
3/ trigger level for down move in february 18
4/ multiple resistance zone in last 2-3 months

SHOULD DAX NOT REVERSE QUICKLY BELOW 12600 , the move to 13200 initially and higher might be very rapid .

 

Dax : Levels to watch …

 

a/ 11500 -11600 ( +/- levels reached overnight on Dax Futures) are KEY level as 1/ top at the end of 2015 2/ levels
that triggered the up move trough 2017 3/ Up trend since bottom at q1 2016 ….

b/ 13000 will cap up reaction for the moment (up trendline since mid 2016) .

– Trading range 11500 – 13000 : Above 13000 more bullish // Below 11500 : Big Danger if crossed.