Today was a good day on the market. Bulls are in, but for how long? I am expecting a sell off tomorrow.
One of the indexes that I use is the VIX index, and it’s probably a good idea to sell a Bear Call spread on it. I am not expecting it to go above 25 within next month, the trend is neutral, and it might actually go down.
1 day trend shows cup and handle (sort of)
5 day trend shows a down trend
1 month trend is neutral
So, in my opinion VIX is neutral.
If it goes below 20 then it’s on a down trend and it’s time to be bullish again.