This trade is a very simple one! VIX contraction = long SPX (80% of the time).
SPX took a 7% hit over the last 3 weeks, attributed to a spike in VIX, up over 20 intraday.
My indicator is showing the VIX to begin contraction and reduce from its most recent highs. In turn, this will push markets to the upside.
SPX has broken and closed over the 14 EMA and has room to push higher.
I will be selling puts in this market on Monday (I already have one short put active from Friday intraday).
SPX took a 7% hit over the last 3 weeks, attributed to a spike in VIX, up over 20 intraday.
My indicator is showing the VIX to begin contraction and reduce from its most recent highs. In turn, this will push markets to the upside.
SPX has broken and closed over the 14 EMA and has room to push higher.
I will be selling puts in this market on Monday (I already have one short put active from Friday intraday).