Yesterday was my live free trading event. Tons of people made it and had such good questions!. On it I dished not only on how exactly I use tools like the VIX but also on how I trade the VIX directly to make big gains in the marketplace. You don’t need anything else to make real money. You can check out my special offer here.
The VIX broke 30 yesterday.
This is the second time we have seen this since the VIX gap two weeks ago.
What is different is the way it got there.
The last time the VIX touched below 30 it happened on a quick move lower and quickly dissipated
Yesterday, the drop in the VIX was a slow strong move.
Sans a little end of day rallying, VIX looked prime to settle there.
With the futures softening and the VIX under pressure all day, one has to wonder if the VIX can hold 30.
…probably not, especially into the long weekend.
Weekend decay, with the price action of the S&P 500, has been a little slower to come out.
If we are up again today, or even flat (especially flat) VIX could be sub 29 by the end of the day.
The VIX Traffic Light is Yellow (leaning toward red)
Your Only Option,
P.S. – My latest Vol Edge trade is still hot for exactly this week’s move in the VIX, with what I’m calling right now. I made a special offer for everyone yesterday, so grab it and get in to take my next profitable VIX trade…right now! (What a great way to kick off 4th of July with a “W.”)
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