Consolidation is over. Downside target 1250 TF, maybe the whole rally from Nov.
Flipped back to IT short. Short term trades not worth it on the long side now with VIX
inflated premium.
Posted 17 May 2017 - 10:12 AM
Consolidation is over. Downside target 1250 TF, maybe the whole rally from Nov.
Flipped back to IT short. Short term trades not worth it on the long side now with VIX
inflated premium.
Posted 17 May 2017 - 07:24 PM
Today's downward move was interesting... the VIX moved 46% and stopped at a latent DTL... the next DTL is up in the 17s... if we break that, it's likely we finally have an ST high in... twt.
Link to VIX daily chart: https://postimg.org/image/p3das4i55/