VX Bull Flag Retest
We had another very large VX divergence this morning after VX broke out of its bull flag and soared above 19.20. However, ES remained flat and VX came all the way back.
Now is the critical retest of both the bull flag and 19.20. If it doesn't hold id expect a squeeze on ES, but this is a great spot to enter short ES.or SPY and stop out if VX can't hold.
Remember the simple analysis for this week was:
VX above 19.20 and QQQ below 485 = bearish.
Now is the critical retest of both the bull flag and 19.20. If it doesn't hold id expect a squeeze on ES, but this is a great spot to enter short ES.or SPY and stop out if VX can't hold.
Remember the simple analysis for this week was:
VX above 19.20 and QQQ below 485 = bearish.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.