The daily has returned to a 3-day balance after the break of the prior day’s low. I’m expecting two-sided activity as long as the market stays within this balance range, highlighting the importance of staying nimble.
Your VIX levels was what avoided me to get short once 4180 was breached. There was no confirmation as VIX did not make any higher highs and remained at 18.2
Very helpful commentary today. I had a number of questions for you after todays actions, and you answered all of them before I could ask them. Vix levels were a big help today and I played them pretty close to the way you described them
How do you calculate your daily VIX levels? Today I exited a short when today Vix hit yesterdays high. Seemed logical at the time and it turned out there was no follow through above.
Brutal VIX crush! I will probably still consider the daily in balance despite the break. Plenty of poor structure below if buyers fail to breakout fairly quickly.
Your VIX levels was what avoided me to get short once 4180 was breached. There was no confirmation as VIX did not make any higher highs and remained at 18.2
Thank you!
Very helpful commentary today. I had a number of questions for you after todays actions, and you answered all of them before I could ask them. Vix levels were a big help today and I played them pretty close to the way you described them
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How do you calculate your daily VIX levels? Today I exited a short when today Vix hit yesterdays high. Seemed logical at the time and it turned out there was no follow through above.
Brutal VIX crush! I will probably still consider the daily in balance despite the break. Plenty of poor structure below if buyers fail to breakout fairly quickly.