I hate to be so bearish but I feel like the vix just gotta bounce a little bit.
The other thing we are betting on, is that, due to bitcoin having a huge increase.
We expect the market to take a little hit the next day.
This has typically happen a few times in the past.
there like a 48 hour delay effect. weird :/
I've been accumulating this in the last few weeks, faithfully waiting for this day. Today's massive volume spike seems to signal the beginning it's ascent. SPX also had a failed breakout this week and inverted hammer on the weekly - very bad news for bulls. That, and other numerous factors (global economy, yield curve, etc. etc.) makes me believe even more...
Retail Sales posted abysmal numbers
National Emergency declared
S&P500 due for a reversal
China U.S relations worst in recent memory with the arrest of Huawei CFO
U.S. industrial production fell in January for the first time in eight months
Something has to give. I'm using some intuition with this trade, just have a good feeling about it, especially considering...
CBOE:VIX I don't play the VIX often, but the market seems overextended/euphoric and due for a pullback, with the VIX nearing some established levels over Support. It's potentially a good play. I like to play wide zones to allow myself a larger margin of error, but if 16.50 to 15 is too wide of an area for you, wait till Support 2.
The CBOE Volatility Index (VIX) had its' first breakout since the NASDAQ bottomed out during the correction at the end of 2018 while the NASDAQ appears poised to pull back above the bottom of the most recent correction for consolidation.