VX Weakness
There's a lot of bears out there right now calling for a crash, and I thought we'd have continued downside as well after seeing VX break out of its major downtrend it has been in since 2022. However, in classic fashion VX hard failed within a few days and ES has already recovered a lot of the losses within a few weeks.
VX has continued to weaken since the market bottomed. There will be no sell off unless VX becomes strong again, it's just a fact. I'll need to see VX above 14.45 to consider being bearish now. I expect all rallies on it to be sold until it breaks this downtrend. Zoom out for longer term levels and trends.
VX has continued to weaken since the market bottomed. There will be no sell off unless VX becomes strong again, it's just a fact. I'll need to see VX above 14.45 to consider being bearish now. I expect all rallies on it to be sold until it breaks this downtrend. Zoom out for longer term levels and trends.
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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