15 Comments
User's avatar
SPX's avatar

Love the daily recap and thought process. Will you be doing this going forward?

Smashelito's avatar

Thanks! I’ll be sharing these occasionally when there’s something worth discussing. Today’s thought process aligns with how I typically approach the RTH session opening near the final upside or downside targets.

SPX's avatar

Makes sense on the days that are worth discussing. Appreciate it!

Question: I bought your chartbooks. How do I add the VIX in the bottom like you have in that chart?

Smashelito's avatar

Thank you for the support! I actually monitor the VIX on TradingView using the ticker TVC:VIX, which provides real-time data for free. While Sierra Chart now supports CBOE products, accessing the VIX ticker (VIX_CGI) requires a separate data feed subscription priced at $6 per month.

Citrine's avatar

Thank you very much! The thought process is absolutely invaluable.

Bojan's avatar

Amazing stuff sharing your thought process! Being new to the newsletter, any material explaining how you utilize VIX in your analysis and the reasoning for that correlation? I read at the bottom daily plan includes instructions on utilizing the VIX in correlation to ES? Thanks!

Smashelito's avatar

Thanks! There isn’t an in-depth explanation of the concept, but the instructions on how I use ES levels in correlation with VIX levels can be found under the "Levels of Interest" section in each plan. I introduced VIX levels a while back to give subscribers additional context and a strong confluence tool. Just keep in mind—it’s just a tool and should complement your own strategies rather than be relied upon exclusively.

Bojan's avatar

Yeah, instructions on how to observe it are pretty clear! You're monitoring VIX to confirm strength and weakness extremes. I find it interesting how short extremes goes along with higher VIX while long extremes goes with lower. I guess panic continuation prefers chaos while euphoria is more of a smooth sailing :)

Giamsterdam's avatar

Really interesting to follow your thought process along

Rakan Himadeh's avatar

really found the thought process valuable. it helps my own process immensely.

Tom Zogas's avatar

Thank you!

RK's avatar

Thanks for providing the market recap, it is very helpful to reflect the reality which is next to impossible to see in action in front of eyes when happening.

**Please provide recap as much as possible as you can **

Trying to learn more to believe in new letters predications. Yor are one of the best readers of ES price action and the market balance and price acceptance

Thanks a bunch!!

Art Vandelay's avatar

Great Smash, thanks for the recap. I can say that I was thinking the similar during the session...

I obviously learned a lot from your newsletters. Thanks again. Have a nice weekend!

Frankytrade's avatar

Love this! Thank you and hagw smash!!

Dmitry's avatar

How so you determine VIX support / resistance? Purely from the technical level perspective?