
VIX 25 + Divergence Signals Short Term Reversal
Sold $BOOT +7% Got a buy signal (or cover signal) on the VIX today around 25. A rare occasion where the market went up a lot, then the VIX also went up showing a ton of hesitation buy traders. This is coming ahead important Fed news, which produced a ton of selling in the afternoon to wipe out most gains. Tape is very much dominated by day-traders and algos. Until volume picks back up, we’ll continue to get wide spreads and inefficient bid/ask pricing. Use limits, otherwise slippage will own you. The strategy would be to buy up some beaten … Continue reading VIX 25 + Divergence Signals Short Term Reversal