Long

VIX: Stocks likely to continue lower for a week at least

Updated

I'll be looking closely at , and to get long at the bottom once more. For now sitting in cash and with a big long position, as well as my short trade.

Best of luck,

Ivan Labrie.

Note

We did call for more downside, didn't we? Now all the doomsday fanatics show up, patently late, I think we could see a bottom soon. Main thing that might keep the market sideways and not trending lower is that a lot of money that was on the sidelines might be released to be invested thanks to the tax cuts, people focus too much on tariffs and trade wars, or interviews to prostitutes and miss that fact.

Overall the best strategy going forward is to buy short term bottoms in , and also short rallies optionally, from a trading perspective. From a longer term perspective, each of these big drops in set up nice buy opportunities in cheap value stocks.

could be in a bigger uptrend, we will watch it closely to buy the bottom in once signaled by it and sentiment readings.

Trade closed manually

Our timing signal worked, topped on the day I had estimated it would. Stocks formed a base and bottomed for now, we might retest the top of the range...nice breakout today. Our longs are paying off considerably.

Note

#VIX could trend lower as recovers and approaches the ATH zone again

Note

#VIX bottomed at my target zone...
It held the low volume support zone in the spike that happened on May 4th, now since then, it rallied more than $5 from that low, which is the point where I'm getting greedy. Looking to buy the market. Need to see selling get exhausted first, watching...

Note

Smart money supported the market again when retesting the peak of their buying spree range. If falls to 12.9, we will have a new support zone to label on https://charthttps://www.tradingview.com/x/psRSaTY4/ I think we might even see new all time highs on this leg up here. But, I suspect afterwards we will correct down again, since the market is likely to remain sideways all year.

Note

IvanLabrie

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/

Also on:

Related publications

SPX: Could this be a market top for a few months?

by IvanLabrie

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.