It is not an Ichimoku chart, and I don't want to add too much comment.
With QE out soon, it looks like the good days for free lunch volatility sellers will be soon over. We will see sharper moves in VIX, so in equity prices too (SP500 respectively). My bet is we will likely not see the VIX in the 11-12 super low range, but rather ard the 13,90-14,00 equilibrium. So my game is any time it is down to 11,00 - 11,50, just buy!
The upside is a good question. 18-21 is a Take Profit range, BUT NOT A SELL FOR SHORT any more! Why not short? If once a major problem (trend break) happens on SP500, then the 21 won't hold either.
With QE out soon, it looks like the good days for free lunch volatility sellers will be soon over. We will see sharper moves in VIX, so in equity prices too (SP500 respectively). My bet is we will likely not see the VIX in the 11-12 super low range, but rather ard the 13,90-14,00 equilibrium. So my game is any time it is down to 11,00 - 11,50, just buy!
The upside is a good question. 18-21 is a Take Profit range, BUT NOT A SELL FOR SHORT any more! Why not short? If once a major problem (trend break) happens on SP500, then the 21 won't hold either.