Trade Alert

New trade: Buying the VIX here

_{Posted by Club Member MikeSSS 28.11.23}

The VIX is now close to its lowest levels in 5 years

RSI for SP500 and Nasdaq 100 are now above 70

The Christmas rally may have come early, and it may continue, but it feels like everyone is already positioned for it

Buying the VIX at this level, is like taking out an insurance on the current market rally. Even if the market continues to track higher, it would be hard to imagine the VIX breaking significantly below its 5-year low, so there’s asymmetric risk/reward for this trade

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#VIX #New Ideas #Trading #RSI

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