It's 1120am MST on 2/28, and I am expecting a further market decline. I already have a VXX call option in play right now and am expecting this position will end up in the money.
It seems Russia/Ukraine war is starting to heat up despite the meeting between the two countries today.
From a technical analysis perspective, there is another inverse head and shoulders forming and the 50 SMA is crossing over both the 100MA and 200MA, which seems to be a bullish indicator for VXX and a bearish indicator for the stock market as a whole.
I hope I am wrong on this one...because that would indicate a de-escalation of the war...which we're all praying for.
It seems Russia/Ukraine war is starting to heat up despite the meeting between the two countries today.
From a technical analysis perspective, there is another inverse head and shoulders forming and the 50 SMA is crossing over both the 100MA and 200MA, which seems to be a bullish indicator for VXX and a bearish indicator for the stock market as a whole.
I hope I am wrong on this one...because that would indicate a de-escalation of the war...which we're all praying for.
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