I have unloaded 50% of my large positions and took some positions to hedge the market such as UVXY. We have 4hr, daily and weekly time frames in oversold conditions. Watch for a reaction or overaction to news here in the next week or so. We have lots of economic data coming out. Statistically, when volatility gets this low the VIX and UVXY will run hard. This is a short term scalp trade for me. I am not really that bearish overall but it seems like a pull back in the markets is due soon. Not financial advice, DYOR. Stay Blessed!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.