VX Channel Break
VX is starting to look a little more lively after today. It has held the major low around 15.80 several times and has an inverse H&S. That combined with the descending channel breakout could spark a quick rally up to 16.80. Getting a little more cautious with longs now but bullish structure on pretty much everything else important remains.
Short version - range is between 16.80 and 15.80. Neutral until the range is broken.
Short version - range is between 16.80 and 15.80. Neutral until the range is broken.
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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