Volatility over the Weekend.
Updated
My personal opinion on SPX / VIX trading into the weekend.
Constructed looking at fractals in the last pullback and placing them over geometric support/resistance.
I'm expecting more swings to come, but overall short on SPX hoping for a EOY rally to be struck down by [insert black swan event].
Happy trading.
Constructed looking at fractals in the last pullback and placing them over geometric support/resistance.
I'm expecting more swings to come, but overall short on SPX hoping for a EOY rally to be struck down by [insert black swan event].
Happy trading.
Note
outcome looks quite the inverse of what i've graphed, regardless the trend will hold if market rallies on open, otherwise i'll TP and take a break.I have noticed a 4 & 2 day cycle within the weekly trends that can be useful in swing trading VIX CFDs, still looking into it but ideally straddle the trade and remain neutral, and just go with the momentum only, unless factors give you a better idea of upcoming price action. The best part is a higher Return rate and low Risk:Reward even in ranging periods for the SPX
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