avka81
Long

Bullish Engulfing!!!

CBOE:VIX   Volatility S&P 500 Index
Last week we had a Gravestone Doji on a weekly Chart. Its usually a topping pattern but if it comes after extended downtrend and gets followed by a Bullish Engulfing candle, it can mark bottoms. I'm going long here even tho the week is not closed. Indices look weak so we should close this week higher and get a even bigger green candle...
Are you trading VIXY or VXXB or what?
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avka81 David_Scott
@David_Scott, Hey Bought some out of the Money Vix Call for June 19th.
+1 Reply
Solid analysis.
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