Been spending a lot of time figuring out the market path of the past few days. I had a feeling a market spike was coming after studying the latest VIX charts. This rally did not come from no where. It has emotion written all over it, so the good news is the VIX is back!
So in conclusion, it looks like this rally has some track legs. Sorry for the huge white space, I saved the image and it left this big white block. You can draw in there if you like. Anyway, I got at least 3 longs I’m looking to ride on a follow-through rally. Then, as the VIX chart shows, I will load up on more shorts near Vix 22, rebuy longs Vix 24, short hard VIX<21. It feels much more natural to have the market move this way. Enjoy!
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Vix is coming down!
very helpful post. I have learned an entirely new way of looking at the VIX just from reading your stuff over time. Thank you thank you thank you.