How can there be a top when it's impossible for this thing to ever drop. Always a guaranteed V. Just an unstoppable market that is going to keep going up.
no, vix is calculated as it should. high vix while hitting new highs means the daily average range is expanding. when the resistance doesn’t hold, the drop will be hard, maybe some inferior arb alogs would try buy the dip, but human traders stay away. luck will run out at some point. trade small and ready to jump ship.
From this scalper's perspective, the opportunities this week have been lackluster (for me, my perspective). Still long my little MES swing position. I'm starting to wonder if having a swing position on isn't somehow messing with my ability to see both sides of the market intraday. I feel it is an interesting weakness for me to consider.
I don't agree. You are probably right about the vix, but every day that passes it just gets harder and harder for the market to be brought down. The market lives for buying dips and making V shaped things. That will never go away. The Q's look exhausted and there's some mini resistance here, but it doesn't matter as it's only time till it plows through it, since stocks only go up and there's no chance of this market actually going down. Look at the V the Q's are making. Hope no one took the bait at the open. Yes this market is unstoppable, yes it only goes up no matter what happens.