Double distribution day with one set of single prints. No follow through for sellers after yesterday's session led to a vicious squeeze. Will buyers be able to follow through after today's P-shape?
Is this what you referred to on your chart about VIX or are there more materials?
"Tomorrow, pay attention to two additional VIX levels: 22.36 and 20.52. These levels can provide confirmation of strength or weakness. If we break and hold above 3913, a VIX below 20.52 would confirm strength. If we break and hold below 3822, a VIX above 22.36 would confirm weakness. Overall, it's important to exercise caution when trading outside of the highlighted yellow levels. A non-cooperative VIX may suggest possible reversals i.e trade setups."
Is this what you referred to on your chart about VIX or are there more materials?
"Tomorrow, pay attention to two additional VIX levels: 22.36 and 20.52. These levels can provide confirmation of strength or weakness. If we break and hold above 3913, a VIX below 20.52 would confirm strength. If we break and hold below 3822, a VIX above 22.36 would confirm weakness. Overall, it's important to exercise caution when trading outside of the highlighted yellow levels. A non-cooperative VIX may suggest possible reversals i.e trade setups."
Rockstar!
Have a great new year. Let me know if I can send over any appreciation, have a libation (or two) on me.
Where Can I learn more about Vix as per your referral?