Vix

Mar 2

Major pennant here that I think will push the 40+ here in March..

Today 2 things happened

1. We gapped up into resistance

2. We gapped outside the daily Bollinger band

Usually when those 2 things happen you have a pullback.

I think this pullback takes us to 18.00- 18.50

After that , I expect an explosive move to the upside and possibly the big move to 40+..

I'm only wrong about this long setup if vix closes below 17.00.

Mar 4

Note

Vix 1hr chart...


Last few days price action has formed a bearish wedge that I think will send us to close lower gaps
At 21 and 19.75


Only if this pushes above 25 am I bearish for today..


So to sum it up, I only want puts if the vix breaks back above 25.. otherwise it's a vix crush type of day where the markets will prop on low volume

Mar 4

Note

VIX 1hr chart...
Crushing the vix today.. I still have a gap close at 19.85 in mind..

From there we will either start the final leg up to 40+ or take 1 more dump to 18.50 gap before the launch