VX Analysis and Trade Ideas
All of my trade setups will always depend on VX. It had been extremely weak since the market bottomed in April, but it was strong today and that put a lot of pressure on ES. VX rejected at the 13.85 level in had been watching. This is the make or break level for the short term IMO. If it's strong again tomorrow I'll be looking for puts on SPY/QQQ, but if it continues down after rejecting 13.85 I'll trade with a bullish bias.
We have PPI and Powell in the morning along with CPI on Wednesday so monitoring VX will be critical to determine where ES might head next.
We have PPI and Powell in the morning along with CPI on Wednesday so monitoring VX will be critical to determine where ES might head next.
You reap what you sow.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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