short vol coming off near outside up
Updated
weve gained in the market, shed short volume on vix, shed weight on short vix, and lost slightly in svxy. if you study the long term picture svxy is near breakout. 69.69 and 79.79 roughly are levels to beat before were really in the green to clear $100 as the market rebounds. ive drawn a path that can hopefully outline what the topping out proccess could look like as uvxy heads for 1:10 reverse split. normally we revisit the fib bands when price comes off overbought, but im still bullish while were above mon-wed lows targeting 66.66
Note
lets talk about black swans depression scenarios, shtf and more in the comments while we have the opportunity. last stop before ATHs broader market, currencies, crypto, commodities, and more. perhaps this is the end of oil. $120? lets talk about $0.19 as well. semiconductors will lead the way up.Note
were just about 16.5 hours out... lets talk about china and russia, and letting things (hopefully) blow over.
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