short term vix futures have put in a multiday high and many broader market sectors are breeching their intraday lows at the same time this could have a longer term effect, but i think the short term movement in vix will trend back toward 11.89 uvxy if we build a base of support above 12 and move higher we could be in for more like 12.30, but keep it on the pivot and it should be fine
Trade closed: target reached
long target hit
Comment
vix is severely overbought, and its not surprising to see a big red day after a day like this im top fishing this move
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daily is bearish imo
Trade closed: target reached
if you shorted last night you will want to coveer it here
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if we come up again forming a base of support above 13 and move higher it could be a long flip if we see a higher low in spx and break day high could be a reshort on a break of 12.89
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12.84 and 13.89 form an expanding range
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getting into reshort territory if we set a lower high beneath 12.97 and continue lower target 12.54
Trade closed: target reached
if you shorted the last pop its probably good to cover i dont know what will happen over the weekend so take profit wherever possible
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