Watching to see if VIX holds a double bottom. Wedges very often end on double bottoms or double tops (as per a riding wedge).
Only using this as a tool to calculate general market sentiment, no positioning for me directly within volatility products currently.
Thank you.
Only using this as a tool to calculate general market sentiment, no positioning for me directly within volatility products currently.
Thank you.
Note
Not using this as a "told you" just as an example of how these often work. 
Note
Note
Side note - I was trading when this weird fake VIX candle happened. Not sure if its dark pool or what, but funny it has been a bit of a magnet. Note
Hope you all caught some nice market fade action . VIX worked out well : Closed most of my put spreads today - QQQ, SPY , MSFT, FB
Either look for a LH to re establish or might just daytrade futures for downside.
Thanks!
Masta
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.