The 6897 level was an excellent area to look for shorts, particularly after a 90-handle rally off the lows. However, the VIX breaching its support added a layer of complexity. A safer approach was to wait for the poor high to form and for the VIX to regain traction back above support before leaning short—essentially to aggressively play the failed afternoon pullback low in the H-period.
Thanks Smash for everything, thanks for answering my emails and helping me improve as a trader. Have a great session and I wish you a very good weekend. Another week learning from you!
Great work always smash 💥
Today at 6897 I was thinking to to short but $VIX was below support so did not take the trade. Any thoughts on this ? Thank you
The 6897 level was an excellent area to look for shorts, particularly after a 90-handle rally off the lows. However, the VIX breaching its support added a layer of complexity. A safer approach was to wait for the poor high to form and for the VIX to regain traction back above support before leaning short—essentially to aggressively play the failed afternoon pullback low in the H-period.
6897 is also SPX 2026 open equivalent, so yeah we are down on the year! 😉
Good observation!
Thanks smash. I appreciate it
🤝
Thanks Smash for everything, thanks for answering my emails and helping me improve as a trader. Have a great session and I wish you a very good weekend. Another week learning from you!
Thanks Smash!
Thanks king!