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VIX - Fast Turtle Buy

Some of you contacted me asking why today's market drop..
Well, you don't have to know the reason, but it's important to check VIX chart every morning before you trade.

As previously shared, when VIX up, stock market down.
Yesterday, we are seeing VIX shows fast turtle buy (DJ fast turtle Sell)... and today, FKLI follow with 1.8% drop and triggered fast turtle sell signal.

Generally DJ and FKLI still uptrend with FiFT still +ve.
However, I will be staying aside until retracement is done.

ノート

Major sell-off...
Never take lightly on VIX Fast Turtle Sell Signal..

ノート

Nasdaq H4

FiFT turned -ve
Fast Turtle Sell @ 9930

ノート

DJ drop 200 pts based on IG's live prices weekend markets

ノート

VIX FiFT turned +ve. Bull getting stronger.

ノート

VIX retrace a bit this week which gave us some opportunity for quick trade.
Hit and Run strategy is best approach to trade when VIX pullback with +ve FiFT

Last friday we see VIX bounce nearly signal a Fast Turtle Buy.. This is not good

Expect gap down when market open.
Next week will continue with Hit and Run approach.
Stay cool and good luck.

ノート

VIX breaks below EMA20/EMA50 with fast turtle sell with higher volume (Good)
VIX seems supported at 30.35 (Slow Turtle Support) which potential forming short term double bottom (Concern)
FiFT still +ve but weakening. (Neutral)
ATOM still neutral but moving downward (Good)