VIX Took the Break I Forecasted; Likely Surging to new ATHs
Diupdate
Just like I forecasted, the VIX took a break and closed the 57.5-ish gap and I am looking for the VIX to butcher its way to new ATHs. Not necessarily in a straight line, but the next leg down in equities is likely next week as cases in the US start to ramp up and ravage the domestic economy.
The entire world is in shutdown. I was one of the first people to advise over a month ago to be careful longing the market and to be defensive. This was back when the SPX was 3280-3300. Those who listened would have saved most of their capital.
This is not the environment to be "dip buying". Remember, equities cannot have a meaningful rally (thats sustained and not sold) with an elevated DXY and highly muted crude price.
- zSplit
The entire world is in shutdown. I was one of the first people to advise over a month ago to be careful longing the market and to be defensive. This was back when the SPX was 3280-3300. Those who listened would have saved most of their capital.
This is not the environment to be "dip buying". Remember, equities cannot have a meaningful rally (thats sustained and not sold) with an elevated DXY and highly muted crude price.
- zSplit
Trading ditutup secara manual
H&S FORMATION. TRADE CANCELLED.Stimulus bill went from halted over the weekend to likely passing Monday or Tuesday. This should calm volatility down.
Opened pre-market in the upper 70s. Profit taken.
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