Cuzinhass

VIX above 29 and a correction is inevitable

Long
TVC:VIX   Volatility S&P 500 Index
The VIX has been bouncing between my two tread lines the past 4 days. Need to monitor, if the vix breaks the 29 resistence we can see it go to 36 and if it breaks that we see it go to 50. be very careful.
Any catalyst in this overbought market can make this go down. Debt ceiling, inflation, evergrade, "transitory". Any word the algos pickup will send a panic in this market
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