Using VX to Spot Divergences + Intraweek Update
We've had some great examples of clear VX divergences lately so I wanted to highlight that here. VX is a key component of my strategy and I don't believe it is used enough by most traders. It'll be important to monitor moving forward as we see rising volatility and global tensions. I also go over the most important levels and watches for the remainder of the week.
Maybe it's another short lived sell off, but I believe there's going to be a point where perma bulls buying every dip are going to wish they hadn't. We'll see, if VX explodes over 22.60 this week I'd be very careful on either side. Expect big ranges until VX falls back down. Money can be made very quickly in a market like this if you learn how to use spot key levels on the major indexes and VX. It doesn't come without risk, but remember you don't have to know where price is headed next to make money.
Maybe it's another short lived sell off, but I believe there's going to be a point where perma bulls buying every dip are going to wish they hadn't. We'll see, if VX explodes over 22.60 this week I'd be very careful on either side. Expect big ranges until VX falls back down. Money can be made very quickly in a market like this if you learn how to use spot key levels on the major indexes and VX. It doesn't come without risk, but remember you don't have to know where price is headed next to make money.
AP Academy Beta Registration Open:
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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