Good evening friends - What a whoozie today! The bears and the bulls both got to feast. Also, for my friends that struggled today - don't get down on yourself this has been a very difficult last few weeks in the market. To add insult to injury we have a CPI data print coming tomorrow at 8:30 AM EST. This will definitely give us some volatility to have some fun with.. If you are not comfortable with price action like today, tread lightly for sure.
What's our VIX baby doing today?
She's filled a few gaps to the upside today, and she has made tons of gaps recently it feels like. Maybe that's dramatic. Anywho, at the time of writing this we are back down below the 21 EMA. I'll be watching to see where it opens in the morning. When it opens on either bottom or top of the 15 min 21 EMA typically it'll find a level, then bounce back to the 21 EMA to test it off after. This is true for news events also.
Example time: If we open below the 21 EMA, usually the market will have a pull back, and when VIX tests the 21 EMA is where we usually have our first, bounces or rejects of the day.
Just a fun easy to trade niche I found.
FUTES FRIENDS!
I'm not gonna lie - while typing this I haven't looked back to see what the market is doing so far. I probably won't trade tonight, but I did update my levels for tomorrow. Here they are!
Let's make some money friends! 🌻
Part 2 of my ultimate guide to reading the VIX will be up tomorrow. (:
As always, this is not financial advice. I'm just a bimbo chasing a bag don't take any thing I say seriously.
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