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
I didnt held long trade early in the day and was patiently waiting to see if buyers would fail at balance high as a crowd. Once daily became OTFU I stopped looking at shorts yet the best short oppo presented. Gotta admit being a bit dogmatic and market being euphoric. But feel so good understanding the move and not being on the wrong side at any given moment. BTW Smash vix level gave us early tell hope u guys saw it.
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.
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
I didnt held long trade early in the day and was patiently waiting to see if buyers would fail at balance high as a crowd. Once daily became OTFU I stopped looking at shorts yet the best short oppo presented. Gotta admit being a bit dogmatic and market being euphoric. But feel so good understanding the move and not being on the wrong side at any given moment. BTW Smash vix level gave us early tell hope u guys saw it.
Look below ONL and fail then quick traverse of value area!
Thank you!
The intense 4195 fight!
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.