FearIndex @FearIndex: "Today, I've made the decision..."

Spain

Edited

Today, I've made the decision to close our short positions in $UVXY Allow me to explain the rationale behind this move 🔥: 👉 Fear and Greed Index continues to deepen into extreme levels of greed 👉 Considering the historical patterns, February isn't typically a bullish month. However, this year began on an unusually bullish note. 👉 With the VIX resting at 12.79 points, there seems to be limited downside potential. Our strategy, which revolves around shorting VIX and capitalizing on contango, is indicating that the markets are signaling for a correction ✴️. Such a correction ofcourse would lead to a sudden spike in the VIX. 📈 In light of these factors, exercising caution is paramount. We must await opportune moments to open trades that offer a more favorable Risk/Reward ratio. Let's remain vigilant in navigating these market dynamics. 🏄🏄🏄 $VIX.MAR $VIX.FEB $VXX $SPHD $SPLV

4 Mentioned

UVXY

ProShares Ultra VIX Short-Term Futures ETF

VXX

iPath Series B S&P 500 VIX Short-Term FuturesTM ETN

SPHD

Invesco S&P 500 High Dividend Low Volatility ETF

SPLV

Invesco S&P 500 Low Volatility