rptrader wrote:VIX collapse today really means market are comfortable to hold positions.
which I don't think is a good news for bulls. the final collapse of the VIX usually leads to a sustained pullback.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
just a wild guess, I think there'll a final assault before the close and I'm thinking of
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
rptrader wrote:VIX collapse today really means market are comfortable to hold positions.
which I don't think is a good news for bulls. the final collapse of the VIX usually leads to a sustained pullback.
I don't think so, I think it simply means most ppl are aggressively betting on this OE which has been out of VIX
calculation last week. VIX will surge anyway after this OE.
15min chart appears to have 5 legs down to low of the day which suggests that leg 1 or A is complete. Now pullback to 1320 area 2 or B before continuing lower in leg 3 or C.
well, i think that's it for today. bulls had a very good fight but bears can still live for another day. I'll as usual see you guys tomorrow!
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.