I recognize this is a derivative of a derivative. Using TA and look back for commonalities. Approaching S2 which is the past, the probabilities of a bounce are higher.
Approaching the 2.272 fib trend extension with RSI oversold but can go lower. We'll see. VIX:VXV ratio at extremes. I like the R/R here for a long. Also seeing large blocks and call buying in VXX 5/27 $20C's - ~50K
Approaching the 2.272 fib trend extension with RSI oversold but can go lower. We'll see. VIX:VXV ratio at extremes. I like the R/R here for a long. Also seeing large blocks and call buying in VXX 5/27 $20C's - ~50K
