Looks like we'll have a pretty good setup with VX during or after FOMC. We'll probably get some volatile movements after the minutes release and then more volatility during and after Powell's speech starting 30 minutes later.
VX has been getting crushed all week, back below 16 now. This will be a key watch during the volatility. I could see it spiking up to 16 and failing. If we get an initial sell off, you could look for longs when VX hits 16, stop above. Other scenario is VX doesn't rally at all and goes straight down even more which would spark yet another rally for SPY.
Downside target = ~14.75
First upside target = 16.60
VX below 16 = Bullish SPY
VX above 16 = Bearish SPY
VX has been getting crushed all week, back below 16 now. This will be a key watch during the volatility. I could see it spiking up to 16 and failing. If we get an initial sell off, you could look for longs when VX hits 16, stop above. Other scenario is VX doesn't rally at all and goes straight down even more which would spark yet another rally for SPY.
Downside target = ~14.75
First upside target = 16.60
VX below 16 = Bullish SPY
VX above 16 = Bearish SPY
You reap what you sow.
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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.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
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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Penafian
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
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.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
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.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.