Clear VIX pattern emerging: - Volatility has been forming regular waves between every spike or market correction; - Average duration of a wave over the past 3 years has been 107 days + or - 19 days; - Significant spikes between waves; - Current wave duration has been 119 days, suggesting a correction is imminent; - Volatility spike has properly started this week.
In addition: - My solidly trending trades have been stopped over the past week; - Gold seems to have found a bottom and is showing renewed signs of life; - SPX has been foppish and rebounding against a significant resistance (see post below).
Conclusion: - Time to take money off the table and to hedge against the downside BUY VXX (have been building < $30) BUY GOLD (am long GG)
評論
The SHORT tag at the top means short the market and LONG VOLATILITY, sorry for any misunderstanding.