VX is still deciding if it wants to hold this 15.50 area on a retest or not. For now it is holding and reclaimed after only a few hours below intraday. This is also a retest of the trendline breakout from 2022 that I've talked so much about. This is everything here, nothing else matters to me in the grand scheme of things.
I believe we just experienced yet another exit liquidity rally and it's near the end. I may be wrong, but what's important is that I know when I'm wrong as soon as possible. I will know I'm wrong if VX can not hold above 15.50. It's looking a lot more bullish now, broke the downtrend and heading up for a test of 16.25
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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