Updates 11:59 AM ET - Tuesday 4/4/23 Quick $VIX spike coming $VIX has formed an intraday W bottom, as shown on its 30-minute chart below. $VIX is likely to spike from here to the zone 21 - 21.5 before resuming the down trend. It may not spike until tomorrow. As $VIX spikes up, ES NQ RTY are likely to retest S1. But they are unlikely to drop lower. The bullish momentum is still strong. This is just a short term dip. Therefore, this is not a low-risk setup for bears to enter multi-day bear positions. Rather it's a signal for bulls to lock in short term profit, and re-enter at the next dip when ES NQ RTY retest S1. This should coincide with our TQQQ entry as shown in spreadsheet. Updates 1:40 AM ET - Tuesday 4/4/23 Key S/R levels The table below has been partially updated. Our indicators are still mostly bullish (green), but there are hints of a short term top forming for ES NQ RTY. We may see $VIX forms a quick spike to retest the zone 21 - 21.5. As $VIX spikes up, ES NQ RTY are likely to retest S1. But they are unlikely to drop lower. The bullish momentum is still strong. This is just a short term dip. Our Personal Trade Plan Our plan is to buy the dip. See updated trade setups and buy orders in spreadsheet. Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our trades.
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