Very fast market this morning…suggestion for aggressive investors only!!!
CLICK ON CHART TO ENLARGE
Game Plan….this is a 15-minute chart of the 500 index, in a very fast market…falling channel resistance and a gap fill is at hand around 1,198. Be a buyer of SH with a stop if the 500 index reaches 1,211. This suggestion is a 1% risk.
deepsouth – VXN is a index, you can not buy it. You can go short with either VXX for short term or SH like etf’s for a intermediate term bet. Tomorrow is options expiration day and one can expect good volatility soon.
It’s amazing to see how the SP 500 has been practically glued to the 1198 level all day long, varying only by 1 point up or down…
Ah, Chris….VXX is so much more fun!