VIX (FEB) - about to go up !??

Trade for 8th Feb 2024

As now ES and NQ is on the high end, there is a expectation of a mini pull back at least for profit take.

Entry price reference: 13.40 or lower

UX1 Indicative range: Low - High 13.05 - 14

Stop loss: 13.2 30 mins post US open (tighter stop loss)

Profit take: 13.6 - 13.8 anytime thru out the day

Comment:

on the day it did reach to 13.6 (13.65 high) and get out before it got re-compressed again. Tight intra-day trading.

for now until SPX Option expiry next Friday and CPI data on next Tues, sitting side line for the moment