On the chart we can see the Head and shoulders formation which is a bearish formation. Wait for the price to break the neckline to enter the short position. Target and stop loss are shown on the chart.
Losing the 55ED_EMA was not a good look for Vol.OnlyFabs. The downtrend we indicted remains in Trade for now. Vol of Vol collapsed well below the 103 Pivot... primarily due to a solid lack of participation. With $x Expiry ahead on the Day of the FOMC Rate Decision, it's going to be a highly volatile day. _______________________________________________________
Important Note, the Roll Yield is important for the VXX. I have heard countless YouTube and Forum Gurus dismiss the VXX as a Junk Derivative. A Scam... Nothing is further from the Truth. That statement demonstrates how there are far too many "Gurus" with no understanding of Volatility itself. The VXX is comprised of the 30 day Short Term Rolling...
MNQ STO - 10 x 15365 MNQ STO - 5 x 15360 MNQ STO - 5 x 15355 MNQ STO - 5 x 15350 EQ - 2.5 NQ Sells After Kaplans later Friday reversal, the die was cast for the cartoonish over throw. Our Initial Target from 3 weeks ago was 15363, this target was met and exceeded in the NQ SEP CT @ 15384. We will continue to use SEP as the BTO Hedge, we closed 2 NQ from 170...
Chopping along on low Volume while the likes of Fanboi carnage is readily apparent... not a confidence builder. Tick Tock into Wednesday... chip chop the top. Even the Apes bought it, trendy. A throw-over would be the absolute perfect setup for this impending, incipient, unimaginable - decline. This week will be one for the books.
A vix.plosion remains in trade, patience will reward holders to the 30s and then 40s as the coiled spring breaks and gives way to a large run to the upside. Cash/Spot VIX coming back into lower range with a 160 tick differentail. We need to see SPOT VIX trade into the 15s for our upside targets to begin their assault on BULLs. Blind sided by a bunch.