All weekly upside targets have already been achieved. Consequently, I will adopt a defensive approach and closely monitor the behavior around the 4825 level.
In addition to monitoring intraday VIX levels, keep an eye on 11.74 for the rest of the week. A VIX below 11.74 and ES above 4825 has potential for further strength.
I don't know whether it will break or not. That's not really important for me. The main thing is if ES is above 4825 and VIX below 11.74, I will be cautious trying to fade a potential upside continuation. It's worth noting that 11.74 is a level that I monitor for this week only.
Today's Brake and hold below 4786 wants VIX >13,22 , was very helpful 👍. VIX only for a few seconds was at 13,22... So, after that ES_F started climbing upwards.
In addition to monitoring intraday VIX levels, keep an eye on 11.74 for the rest of the week. A VIX below 11.74 and ES above 4825 has potential for further strength.
Thanks for clarification Smash.
Do you think that VIX levels would hover around 11,75 tomorrow Friday 12 January AND next week ? Thanks.
I don't know whether it will break or not. That's not really important for me. The main thing is if ES is above 4825 and VIX below 11.74, I will be cautious trying to fade a potential upside continuation. It's worth noting that 11.74 is a level that I monitor for this week only.
Thanks Smash. Now is clear how VIX 11.74 influences trading decisions.
So, ES_F 4825 and VIX 11.74 or lower worth being cautious and sit on the fence.
Let's see how Friday 12 will be .
I left my long positions overnight Thursday to Friday , European hours.
Now local time is morning 04.38' hrs.
US trading case and Asia with Oceania working.
Later Europe will also start trading.
But they don't do more than 5 points difference on the ES_F index.
Thank you, buddy! Your DEC levels made today another successful trading day for me.
Thank you! The weekly plan has played out nicely!
Today's Brake and hold below 4786 wants VIX >13,22 , was very helpful 👍. VIX only for a few seconds was at 13,22... So, after that ES_F started climbing upwards.
VVIX worth monitoring here in addition to the VIX levels you suggest?
I'm not actively keeping an eye on VVIX.