VIX - Below 23.65 / Globex Fun Run
Indices continue their Rally.
I am posting an analogue for the Indices
this morning to demonstrate how similar
the RTs are to a recent point in time.
We see a large RT during Globex due to the
Vix beginning its pullback.
______________________________________
Privately, I was contacted by a number of Traders
a few hours before the close - they all now understand
why we indicated closing all SELLs and moving to CASH
was the proper Trade Plan.
Deeply oversold conditions always RT.
China kicked the party off over the weekend with relaxed
standards for their Banks
Chinese RE ETFs had been sold wholesale over the prior
3 weeks. They began to level off Monday - the AX50 and HS
also caught support.
I am posting an analogue for the Indices
this morning to demonstrate how similar
the RTs are to a recent point in time.
We see a large RT during Globex due to the
Vix beginning its pullback.
______________________________________
Privately, I was contacted by a number of Traders
a few hours before the close - they all now understand
why we indicated closing all SELLs and moving to CASH
was the proper Trade Plan.
Deeply oversold conditions always RT.
China kicked the party off over the weekend with relaxed
standards for their Banks
Chinese RE ETFs had been sold wholesale over the prior
3 weeks. They began to level off Monday - the AX50 and HS
also caught support.
VOX Fills the Gap - NEW ATHs everywhere