Vix:
For Monday action the focus is still 20 minute timeframe because we are still in the Bend in the Trend and the bullishness, ultra-exuberance of rally from 2009 low is still aplenty. After convincing dives and at least a clear waterfall decline, only then I move to home base, the Daily timeframe.
So I’m watching this additional trendline on Vix. Breakout was attempted, then retreat, now full on assault again. We gots to take out this trendline if we are to go north.
For Monday action the focus is still 20 minute timeframe because we are still in the Bend in the Trend and the bullishness, ultra-exuberance of rally from 2009 low is still aplenty. After convincing dives and at least a clear waterfall decline, only then I move to home base, the Daily timeframe.
So I’m watching this additional trendline on Vix. Breakout was attempted, then retreat, now full on assault again. We gots to take out this trendline if we are to go north.
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