VX Wedge Retest
My focus is on VX as we teeter on the edge of falling off a cliff. VX finally broke out of its downtrend since June, but it has stalled. We also have this shorter term wedge that is broke above, it's retesting it now. If bears are going to keep the momentum going VX will need to hold here. TSM earnings tonight may change everything, watching closely.
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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