Market down: Synchronicity and the power of numbers

Обновлено
Clear VIX pattern emerging:
- Volatility has been forming regular waves between every spike or market correction;
- Average duration of a wave over the past 3 years has been 107 days + or - 19 days;
- Significant spikes between waves;
- Current wave duration has been 119 days, suggesting a correction is imminent;
- Volatility spike has properly started this week.

In addition:
- My solidly trending trades have been stopped over the past week;
- Gold seems to have found a bottom and is showing renewed signs of life;
- SPX has been foppish and rebounding against a significant resistance (see post below).

Conclusion:
- Time to take money off the table and to hedge against the downside
BUY VXX (have been building < $30)
BUY GOLD (am long GG)
Заметка
The SHORT tag at the top means short the market and LONG VOLATILITY, sorry for any misunderstanding.
correctionGoldhedgeTrend Analysis

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