VIX poised for a sharp breakout
1. As can be seen VIX has once again formed a bullish wedge which is ready to breakout in the very near future
2. Another way to look at this is by combining the 2 wedges which is forming a triangle ( see attached line chart). This is also showing signs of a breakout.
3. 50d SMA for the PUT/ CALL ratio is at EXTREME lows; last seen in 2009 ! This is reflecting extreme complacency and it can almost never end well; a sharp correction is a given (see chart below)
4. What would the catalyst be ? who knows... could be the FED meeting or something random that the market will conveniently choose to react to
STRATEGY: bought sept contract bull call spread (25/35)
2. Another way to look at this is by combining the 2 wedges which is forming a triangle ( see attached line chart). This is also showing signs of a breakout.
3. 50d SMA for the PUT/ CALL ratio is at EXTREME lows; last seen in 2009 ! This is reflecting extreme complacency and it can almost never end well; a sharp correction is a given (see chart below)
4. What would the catalyst be ? who knows... could be the FED meeting or something random that the market will conveniently choose to react to
STRATEGY: bought sept contract bull call spread (25/35)
כתב ויתור
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.