VIX Fibonacci Trading Long

VOLATILITY S&P 500TVC

Description

⋅ Jun 4, 2021 5:57 PM

Fibonacci timing seems to fit well within the recent VIX action and showing a stock market crash may be coming around July. I'll be looking at UVXY calls as VIX trades down into 14.00-15.40 or July whichever comes first.

Trade active

⋅ Jun 8, 2021 6:00 PM

Picked up UVXY Sep 17 '21 $65 Call

Fibonacci VIX CBOE Volatility Index

Comments

Tradersweekly

⋅ Jun 8, 2021 5:05 PM

Stock market crash or stock market correction? I definitely do not see crash but correction perhaps. VIX is on its way below 15 points if it happens.

JoeyStevens

⋅ Jun 8, 2021 5:59 PM

@Tradersweekly, Fair point. I don't think it'll bring a bear market so it's more of a correction.

Tradersweekly

⋅ Jun 8, 2021 7:55 PM

@JoeyStevens, Nice, thank you for clarification. Wish you best luck with your trade.