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teckno05

VIX S1 at 16.50 and S2 and 15. Long TVIX play

Long
Volatility S&P 500 Index (CBOE:VIX)  
teckno05  
CBOE:VIX   Volatility S&P 500 Index
Chart Patterns Technical Indicators Trend Analysis VIX CBOE Volatility Index TVIX Bearish Patterns longsetup shortterm volitilityindex volitility
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chartpattern indicator trendanalysis vix tvix bearish longsetup shortterm volitilityindex volitility
VIX I don't play the VIX often, but the market seems overextended/euphoric and due for a pullback, with the VIX nearing some established levels over Support. It's potentially a good play. I like to play wide zones to allow myself a larger margin of error, but if 16.50 to 15 is too wide of an area for you, wait till Support 2.
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