Serious answers only. Looking for re-entry of my short position but questions regarding the timing.
I am going to short at 15:59 today
Strong SPX support around 1630 to 1632, I would say gradually add your potion toward end of today. if this SPX support level broken, it will be down south all the way. which handsome profit for us!
Sentiment: Strong Buy
Not yet. VIX is too close to the futures.And VIX to VXV ratio is too high, it's when it gets in this area that VXX has made runs higher. In the worst case you will miss only the initial phase of a VXX drop back to 14.
Who knows, it's a gamble. VXX could open up $1 Tuesday or down $1.
Wait till sometime next week.