Watching to see if VIX holds a double bottom. Wedges very often end on double bottoms or double tops (as per a riding wedge). Only using this as a tool to calculate general market sentiment, no positioning for me directly within volatility products currently.
Thank you.
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Not using this as a "told you" just as an example of how these often work.
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Side note - I was trading when this weird fake VIX candle happened. Not sure if its dark pool or what, but funny it has been a bit of a magnet.
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Hope you all caught some nice market fade action . VIX worked out well :
Closed most of my put spreads today - QQQ, SPY , MSFT, FB Either look for a LH to re establish or might just daytrade futures for downside. Thanks! Masta
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.