My last post was about my Vix trading system, it did close (the Vix) over 5%, but the crossover did not take place yet. You can view the system hereDoes that mean I will SHORT the SP 500 or buy inverted ETF's ?
No, I'll head back to cash .... first .....
The market is still in an uptrend, do not attempt to short right now !
I have been writing several times that my leading indicator (Shangai index) has been showing a chart pattern that should send us some shivers ....
Shangai was down again 3% ......
2 comments:
We're still within that range, right? Looks like piercing into the bottom block you've drawn on that chart. Not time to go short, yet?
We're still within that range, right? Looks like we've pierced firmly into the bottom grey block you've drawn on that chart. Still not time to go short, yet?
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