The volatility index otherwise known as the vix is overextended above 30 with the RSI well above it's upper bound.
I've opened a short at 32.05 on the March(H) contract.
Historically, the vix sells off soon after it breaches the upper RSI boundary. Unless a cataclysmic event occurs, I think history will repeat.
I've opened a short at 32.05 on the March(H) contract.
Historically, the vix sells off soon after it breaches the upper RSI boundary. Unless a cataclysmic event occurs, I think history will repeat.
Trade closed: stop reached:
Stopped out for a small loss. I'll reload this on a better entry soon.
Trade active:
Long VX(Mini) April(J) contract @ 19.40
Comment:
Looks like the Vixie dust is kicking in. Now just waiting for the RSI to pop back up and the index to revert back towards 20 to close this long.
Comment:
Well then... not used to the vix futures contract expiry schedule and this trade closed automatically at a loss.
Comment:
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