Hello everybody, thanks for reading my posts.
I have another idea for you...
The VIX will go back to $28.33 — I am so sure of it.
Spy puts will work too, because VIX is an inverse.
WHEN THE VIX GOES UP, THE MARKET GOES DOWN....
I posted an idea for going BULLISH & LONG the VIX on February 9th, 2022
but I accidentally broke community guidelines so...
RSI divergence is clearly visible in the chart.
hence I would suggest people to be bearish since cholamandalam already gave a breakout and can possibly give a retracement and therefore fulfilling our strategy
please don't short below the red line near 270.
target 1 of near 1.9% can be achieved if cholamandalam starts falling
for people who want to take more...