Things are getting more tricky again on the equities side. If you followed along in the comment section during yesterday’s session then you know that I took out a long position courtesy of our famed Zero indicator, which stepped up the occasion and cut through all the noise as usual. This morning the main question for me was whether to hold long or to exit and consider taking out a short position.
I just sent out an update to my VIXEN subs and thought that this may actually make for a great educational post for the rest of my crew. So, if you’ve visited here for a while then you are probably aware that I have studied implied volatility for many years now. I practically sprinkle it on my cornflakes in the morning. And over time I learned a few things that later turned out to be extremely valuable to my own trading and I hope to the rest of you guys.
Daylight saving time ended yesterday over here in Europe and it may actually have been the last time. Back in August the European Council declared the practice antiquated and recommended that member states stop changing their clocks in spring and autumn. However at the same time they left it up to the respective EU state and I’m pretty sure that, true to form as always, Spain is going to make a royal mess of it.
MILLENNIAL TRIGGER WARNING: if you happen to be permabear then please top reading and immediately proceed to your safe space or nearest sensory deprivation chamber. For you are most definitely not going to like this post as it contains unpixeled bullish imagery as well as politically incorrect discourse. For everyone else: Our millimeter wave array in the Atacama desert has received a mysterious signal and expert consensus at this time points toward a VIX Buy Signal.