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Here is an excerpt from our trading plan.
Dip4 has started
As of today Monday, Surge4 of the Up Trend that started on 12/26/18 has effectively ended, and Dip4 has started. (A Dip is a small corrective counter-trend move in an Up Trend.)
Volatility: $VIX $VXN continue to confound most traders with seemingly erratic behaviors as Dip4 starts. This is actually expected behavior, and we warned you about it starting last Thursday 6/20. Unfortunately combining this with contango running at 3.5% right now, traders of UVXY and TVIX are seeing mostly loss instead of gain.
However, in the next few days, we will see $VIX $VXN spike up for real.
The rest of this article covers:
$SPX $NDX $RUT support & resistance zones during Dip4
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