Nasty levelTriple bottoms without a strong rise indicate a waterfall so be cautious as bottom to work from may be 4 to 6% lower. Expect at least 2% to 3% down at open. 99% of traders will not trade the VIX facing earnings.
so easy to trade premarket if it drops, or sit on sidelines till an earnings report spokes the market.
take Dgaz. I have made a lot on that this week. Trade long and short. Right now we have strong arguments either side.
I sell all, I bid low on side which will come out strong side over 3 weeks = Dgaz. In respect of my lack of breaking my crystal ball I decided to just bid a full 3% = $1 lower to a/c the trade.
Saving 3% of capital and apply the capital at a lower bid is very very satisfying if it fills. If no fill, safe to chase a bottom Friday and jump aboard.
best of luck. Cheers Manx