VIX breaking below RSI support with daily BB volatility squeeze!
What I'm looking for to start building my blended hedge strategy:
- VIX gap fills 13 + 14 and starts bottoming around 12
- VVIX/VIX hits 6.92
- put/call ratio pushes down below 0.5
If all these triggers hit, it almost certainly indicates a top in the market. This will also be our cue to start exiting crypto positions in anticipation for the August correction and the beginning of the yen/peso carry trade unwind
Let me know if you have any questions!