Look at the similarities between today and Apr 27. Bollinger bands were/are extremely narrow indicating a possible big move coming. VIX closed well above upper BB. TNA closed Apr 27 about 5 pts off its recent high at about 65. Two days later on the 29th, it was back up near the highs at 69.50. That turned out to be a great exit point before the flash crash. If I had to guess, I would say something similar will happen, which is why I fully expect the buy signal today to be profitable sometime this week. Overcome the fear and join me on the long side for a few days...
11:35am: Wow, I'm amazed... this market does know how to go down!!! We are on track for a buy signal at the close today. I will update prior to 4pm, but it's a strong buy so I doubt it will change.
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