The VX complex has targets at in the Range of 12.30 on the larger Daily.
A Compression Range remains 13.35 to 15.51, where Price can be volatile IntraDay.
The CASH VIX has put in 3 tests of Support @ 14.20.
The Volatility Complex is setting up a large move to 106.12 - it will likely come in steps, albeit rapidly.
VXQ is posted above, the Sept. 2021 CT.
The Algos will certainly attempt to confuse Traders around Roll/Settlement as there is always a Gap left as
M1 Future and CASH VIX Converge.
September is likely the Best month for positioning, the important position Sizing can be achieved using the Continuous Contract
for the VXM or Micro VX Contract. This affords traders the ability to spread in Ladders for safety and improved cost averaging.
The SPXU will provide excellent opportunities as well and should be timed for entry as M1 on the VX Futures begins to Roll Yield to M2.
Presently SPXU appears to be targeting 16.56 and then 15.83, ideally we would like to see 13.96 - this appears unlikely at the moment, but would be a indicative of an enormous Blow Off in the ES. It does not however correlate to the VX Front Month Futures Low Targets. It will depend on how quickly they convert Roll Yield.
Stay Frosty Traders, a very nice trade is setting up in Volatility.
Be Blessed.
A Compression Range remains 13.35 to 15.51, where Price can be volatile IntraDay.
The CASH VIX has put in 3 tests of Support @ 14.20.
The Volatility Complex is setting up a large move to 106.12 - it will likely come in steps, albeit rapidly.
VXQ is posted above, the Sept. 2021 CT.
The Algos will certainly attempt to confuse Traders around Roll/Settlement as there is always a Gap left as
M1 Future and CASH VIX Converge.
September is likely the Best month for positioning, the important position Sizing can be achieved using the Continuous Contract
for the VXM or Micro VX Contract. This affords traders the ability to spread in Ladders for safety and improved cost averaging.
The SPXU will provide excellent opportunities as well and should be timed for entry as M1 on the VX Futures begins to Roll Yield to M2.
Presently SPXU appears to be targeting 16.56 and then 15.83, ideally we would like to see 13.96 - this appears unlikely at the moment, but would be a indicative of an enormous Blow Off in the ES. It does not however correlate to the VX Front Month Futures Low Targets. It will depend on how quickly they convert Roll Yield.
Stay Frosty Traders, a very nice trade is setting up in Volatility.
Be Blessed.