Thank you! 6 trips to the ER since Feb with him. Lasted longer than we expected.
I was home yesterday so I caught that dip EOD.
Haven't been able to trade much during the day. There was a nice .786 pullback this afternoon. That's a low risk/reward play IMHO.
But I agree, just because the 5 minute chart looks OK doesn't mean that it's a reversal.
One thing that I like to keep in mind is that TVIX is really only good at this point on big red days in the market. After that even if the market bounced and puts in a new low, TVIX typically does not. If the market starts to chop up and down it will kill TVIX.
Seems like it would have to break 46 to get more of a short squeeze and I don't see that happening. I would be very happy if this popped to 44-45 ish.
Watching the futures, still a healthy chart long term
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