We see strong potential for a quick move in VIX. Chart has my technical analysis, but I'll more-so biased to an upside if the symmetrical triangle is the scenario. Hope you guys can read into this action more and find a play.
Trade closed: target reached
Triangle could be in play, quickly shot down then found support at trend line. We can determine which scenario is playing out soon.Note
Finding our way to upper boundary resistance as SPY falls. Should expect a reversal soon unless SPY plummets to $287 before close. Excellent 5%~ scalp opportunities at all these bounces.Trade closed: target reached
VIX Breaks out early, seemed to be a regular flat 3 point ABC correction rather than a sideways 5 wave. From $47.50 breakout point, $5 thrust has been met at 52.77
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.