I have rethought about trading VIX, and here are something that I noticed. One interest fact was its tendency to retreat back to its .786 level, no matter how much it gained at the first place. From January's to March's, I believe the current VIX is really similar to the move that happened in Feb 9th, with a resemblance on movements and retreat level. The VX future also looks good after crazy selling, and I do believe it might be a good opportunity to continue shorting indices, especially ES or SPX, and of course longing VIX might be a good idea I suppose.
Trade active
Looks like today we are landing at .786 retracement. Good start in my opinion, and very likely to see more upside.Note
Very surprised to see VIX crashed all the way from 29 to 27. However I don't really perceive that as a failed breakout. From my point of view I am seeing UVXY holding its support level, and earning season coming very soon, especially the banking industry which are more correlated with SPX.Trade active
Sadly. A failed breakout. But I don't think it's the end yet as it is still above the previous support which was 23.74. Stop loss placed at 23.7. Good luck for the upcoming week and I will stay active for the trading plan.Note
Still way too low... It has been really confusing for me why a stock market that was down by 30% has VIX barely up. Patiently waiting for the Fed meeting & FAAMG earnings. Still bearish.
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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.