Waiting for the Fat Pitch
Volatility spikes, index flushes. Volatility dies down, index bounces. We’re looking to short the QQQ but are waiting for a bounce in the market, which likely won’t happen until the Volatility Index (VIX) dies down. We’re keeping an eye on this chart as it will have a big role in setting up our future short positions. Let’s review a few setups and their risk:reward in this volatile environment. If you’re looking to learn my game plan for staying profitable in 2022, check out my class this Saturday: https://simplertrading.com/game