In our nightly update sent last night Wed 4/24/19 to our email subscribers, we wrote:
“Since last Thursday 4/18, our short-term indicators have turned bearish.
Today, our proprietary volatility indicators show that $VIX and $VXN are likely to rise up in the short-term. They won’t necessarily surge up tomorrow, but in the short-term there’s a strong possibility that $VIX will re-test 18 and $VXN will re-test 21.”
$VIX surged from the low of 12.4 yesterday to 14.20 this morning.
$VXN surged from the low of 15.6 yesterday to 18.05 this morning.
They are likely to drop back down some amount, but they are not dropping lower than the low of 4/18/19. Instead, in the short-term $VIX is very likely to re-test 18 and $VXN to re-test 21.
While volatility works its way upward, $SPX $COMPQ $RUT are likely to drop in a good-size dip.
We discussed how to trade short-term and invest long term in this scenario in our emails to our subscribers. Sign up here to receive this information. It's free and no credit card is required.
Here are the screenshots of our trades since March that yield 43.22% locked-in profit so far.
Stay prudent and good luck trading!