We hit the target I had mentioned in an earlier post. We have reached the green resistance area. Vix painted a hollow red candle which looks vaguely "three riverish". I would expect the VIX to turn now and the market to reverse.
Ok...we reached the target...
We hit the target I had mentioned in an earlier post. We have reached the green resistance area. Vix painted a hollow red candle which looks vaguely "three riverish". I would expect the VIX to turn now and the market to reverse.
This is probably the only time we are going to see a market like this in our lifetime. So lets make the best of the opportunity. I am going to concentrate on mainly trading the S&P 500 index using Elliott Waves and other TA. I will mainly be using puts and calls on SPY, but at times will trade SDS and SSO also. Do your own due diligence of course. Do not take any of my commentary and technical analysis as recommendations to purchase stocks or options. I do not currently trade the E-minis.