Sonny
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Full time trader and investor specializing in Elliot Wave Theory, market psychology and macro cycles.
So my original intuition was right about the VVIX/VIX ratio - the prime time to buy would be when it nears 6.92
I'm still learning how to use these signals as it's relatively new to me. Essentially this is showing a likelihood of a VIX spike soon because volatility is bring mispriced, i.e. there is complacency in the market
Given we're seeing JPYUSD breaking out on lower time frames - together this is a signal to long the vix or short the market
My fear with WGMI is that the move up in June and July was an extended 5th... if that's the case the resulting retracement could be devastating!
it's a long way down to the golden pocket and considering I'm expecting a massive drop in HYG + IWM this could be an absolute bloodbath
If you're in profit couldn't hurt paying yourself a little...