Post by
MichaelRyan2 on Apr 01, 2019 1:17pm
VIX holding its own here....
I have found that typically when MARKET FLIES and VIX holds steady it is a sign that "the market" see's a top aka they hedge vix against market eurphoria.
I am expecting a possible double top here at 2860 but given momentum wouldnt be surprised to see SP retouch 2900 level before any major correction or drop.
Still watching TVIX but looking at a possible $25 entry (which is basically at 52 week lows)
I dont see VIX going to 10-11 but just a personal opinion....
Comment by
LongGuy on Apr 01, 2019 1:41pm
It's a good observation MR. Even to take a small position of 100 shares I would be in with you. If it decides to pop...it usually goes to $30+ so that's at least $500 return...on the down side you can always average down at the end of the day it will be over $30 at some point. Anything is possible...it's a crazy time...so much good and bad happening.