Massive VX Divergence
We had a sharp sell off shortly after open, but VX has been plummeting and broke major support. ES nesrly tapped 5435 before bouncing. Tbis type of divergence almost always leads to a large reversal, but we've already gotten a big one and charts still look bearish. However I can't ignore VX and if this thing stays dead bears are gonna have a rough time.
Short Thesis:
advancedplays.com/short-thesis.pdf
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!
advancedplays.com/short-thesis.pdf
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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