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VIX Remains Historically High and Above the 200 MA

Posted on 7/13/20 at 2:15 pm
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 7/13/20 at 2:15 pm
VIX pushing 30 and has remained above its 200 day ma throughout this monster bear market rally since 3/23.

Also, volume has declined during the rally indicating a suckers rally.

Symmetry has VIX going back up testing March highs. Will the SPX take out its March lows? 1590-1696 looks entirely possible.
Posted by Sput
Member since Mar 2020
7946 posts
Posted on 7/13/20 at 2:43 pm to
What is your stocktwits handle?
Posted by RebelExpress38
In your base, killin your dudes
Member since Apr 2012
13567 posts
Posted on 7/13/20 at 2:54 pm to
So what stocks are we shorting
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11106 posts
Posted on 7/13/20 at 3:01 pm to
Selling August calls into this rally and buying December calls might be a good idea.
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30555 posts
Posted on 7/13/20 at 6:59 pm to
Remember when you went bankrupt shorting one of the strongest years on the S&P ever? Good times
Posted by Dixie.Reb
Oxford
Member since Jul 2013
2381 posts
Posted on 7/13/20 at 7:14 pm to
Damnit, I was just starting to believe the market was going down and then you post this. Time to sell my puts
Posted by castorinho
13623 posts
Member since Nov 2010
82031 posts
Posted on 7/13/20 at 7:29 pm to
quote:

Remember when you went bankrupt shorting one of the strongest years on the S&P ever? Good times
people like huss are destined to lose money. Even when we do see pullbacks he's still on the sidelines waiting for it to fall further down
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