Will be watching this wedge on VX throughout the week for directional bias on SPY. VX is near the top end now trying to break. If it does break up, first target is 16.60 followed by ~17. To the downside, it has critical support around 15.25, we could see another big leg up for SPY if it breaks below and continues falling.
Will be cautious with longs if VX breaks out, but if it continues getting crushed it'll be back to risk on mode after a brief pause late last week. This chart alone should provide a lot of valuable info, especially when you combine it with SPY.
Will be cautious with longs if VX breaks out, but if it continues getting crushed it'll be back to risk on mode after a brief pause late last week. This chart alone should provide a lot of valuable info, especially when you combine it with SPY.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.