VXX / SPY Swing

 





We just look like were ready for something.


Yesterday, the 14th, after charting, saw a lot of weakness. SPY tight range, same as QQQ, clear level of breakdown, would be followed by a ton of bo levels one right after the other.

Started building a position at the open, adding with market weakness.

Got big flush and took off some size into the moves.

Retraced to vwap and market had low vol, considered low vol pb, and added back into vxx. Puts are coming into this market huge. Thinking we can really see some damage here. And if not then ive at least got a decent win on this so far. 

Added again as market turned lower, should be turning point if we are going to see something really special today. Everything is showing me signs we do want lower. 

Bailed as it reclaimed vwap and didnt see reject.

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RE entered at the close. Most vol is done at the open and the close. Both open and close were weak. Close couldnt recover much, I saw QQQs doing the same. I got back in VXX and Added SPY puts 350 

Thinking we get a gap lower. AH is seeing more of sell off 

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