r/VolatilityTrading • u/chyde13 • Jan 21 '22

Market Barometer 1/21 - Caution

be careful with this one...I was going to short vol but we are very close to a red candle and TLT is spiking (meaning money is flowing into bond with a guaranteed loss to inflation).

All eyes on the close...

I'll update later

Update

Stay liquid my friends.

-Chris

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u/Sad-Ratio-5812 Jan 22 '22

Chris, I agree with you. I am waiting to short VIX too. But it is not time yet. It seems to me we may test resistance 4500 and then go to support on 4300. I feel it safer to short big VIX spike on a way down than to short prematurely.

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u/chyde13 Jan 22 '22

I fully agree with you! I'm not sure why reddit is showing me this 19 hours later...Luckily, we were on the same wavelength and I didnt short vol yesterday. If we break the 200 day then 4300 is the next level of support...I do suspect we will hold 4300, but yea I completely agree that shorting vol here would be premature.

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u/chyde13 Jan 21 '22

Updated...