I really miss blogging, but in this environment I'm only taking a few day trades per month. And there are a few days of decent action here and there but I've shut down my practice for the most part.
This metric puts me out of business for the most part. This is the 5 year chart. We are now below 12!
The good news is that there are spikes higher off of the lows up to the 20 ish range but who knows when? Hoping that the fall ushers in some increased volatility and participation. But I'm not holding my breath.
That being said, today was a decent trading day. A classic check mark pattern printed after the holiday.
A 13 point distribution actually not all that bad for sub 12 VIX.
No comments:
Post a Comment