qnp
Long

VIX Falling Wedge Break Out

TVC:VIX   Volatility S&P 500 Index
MY target is 70-80 range
Comment: In the past, when VIX touches this falling wedge it goes straight down and cools off. This time, it's really taking it's time lingering. Market is completely indecisive right now.

VIX didn't quite hit the trigger point I was hoping for which I am thinking is ~44.00.

We should see some decision in the next day or so.
Comment: It's playing out but I've been off by about a week so far.

Comments

Set my exits for VIX 53 just like you have marked. Thinking we're both onto something. Good luck.
Reply
qnp tuparkshakur
@tuparkshakur, That's a good target. Thanks Tupark
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