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HK_L61
Aug 18, 2021 3:40 PM

VIX - Convergence 

AMEX:VXX1D
iPath Series B S&P 500 VIX Short-Term Futures ETNArca

Description

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CASH/SPOT VIX will converge with AUGUST CT @ Close as it always does.

As we move from AUG M1 settle into SEP (M1) / M2 (OCT) the spread is now
24 Ticks.

Pay close attention to how it squares end of day.

It will provide solid indications for Thursday/Friday EOW trading.

Settlement has a decided SKEW to those paying close attention :)
Trend AnalysisChart PatternsTechnical IndicatorsVIX CBOE Volatility IndexVXXUVXY
Comments
Hedge_Of_The_World
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Thanks for sharing buddy. Any thoughts on Opex this Friday, and what PA may look like on the back nine if the Fed turns hawkish today in the minutes?
HK_L61
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@Hedge_Of_The_World, It's been broadcast with a minor reaction.

DX and Bond reaction more important - DX Skies , then we have some
confirmation.

VIX Still needs lower Fills as well.

like to see continuation of TREND, we'll position after Breaks.

Can't put anything past Vanguard & Blackrock... lots of sellers are lows
as well.

We're treading the Break, but lean towards far less Drama than is being
anticipated.

Trade the breaks and Be Prosperous Michael :)
Hedge_Of_The_World
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@JRML115847, Thanks for the insights, my friend. Same to you!
HK_L61
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@Hedge_Of_The_World, 94.50s for DX would be fun.

Best to you Michael.
HK_L61
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@Hedge_Of_The_World, Wait for 2:45PM EST bar to clear on 15min.

All noise for now.

Surprises await.
Hedge_Of_The_World
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@JRML115847, What a wacky reaction to the Fed minutes. Big pump, then massive puke, then reverse the entire sell candle. WTF?
HK_L61
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@Hedge_Of_The_World, well.... it was expected here.

We took the Initial reaction trade and are now flat Indies.

Only position now, AMC

Stopped on TLT ZN ZB in profit as YCC herd appeared.

Black Rock and Vanguard are simply gaming the Traders
until final hour.

SOH here, we're done for the Day unless Brackets are hit,
which seems low probability.

Power hour for FED on deck.

Globex will be a shit show.

Watch AAPL. GAMMA Failure and it falls apart IF AAPL runs to 141 TGT.
HK_L61
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Crude is Transitory :) 64.81 TGT
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