Top 5 Weekly Trade Ideas #4 - VX S/R Flip
Big move up for VX after bouncing near 18.40. This is mostly due to some weakness in semis after leaked earnings on ASML. 19.40 will be a key area on VX moving forward. If it goes up there and fails I'd be looking for longs on ES/SPY. If it's able to break above and continue higher, I'll start looking for shorts.
Overall, the range is from 19.40 - 18.40 so I'm looking for the top end of the range to fail or a breakout above if it doesn't hold.
Overall, the range is from 19.40 - 18.40 so I'm looking for the top end of the range to fail or a breakout above if it doesn't hold.
Comment
19.40 target hit. That'll be key tomorrow.
Above 19.40 = Bearish ES
Below 19.40 = Bullish ES
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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