Substantial correction in the works?
This is not a trade. This is just a fun scenario that explores two particular variables: VIX uptrend since July 14 and the relentless ramp up in treasury bond prices, much as happened prior to the 2018 and 2020 corrections. This suggests a substantial selloff (more substantial than the one last week) MAY be in the works.
As always, watch for trends and wait for confirmation before placing trades. Right now, we are in a raging bull market, and reasonable pullbacks should be bought until price suggests otherwise. Price is our guide, always. However, as soon as the hourly RLCO bearish crossover occurs, I will be going short even if it's just for a brief cool off.
As always, watch for trends and wait for confirmation before placing trades. Right now, we are in a raging bull market, and reasonable pullbacks should be bought until price suggests otherwise. Price is our guide, always. However, as soon as the hourly RLCO bearish crossover occurs, I will be going short even if it's just for a brief cool off.
Penafian
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