While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
Vix cash is attempting an ORH month with a close over 17.32.
Fulfilling this pattern would lead one to believe that there is more "Risk Off" in store.
Currently Vix?traded up to weekly resistance and close to a short term wave count.
This bears watching as sustaining above this level shows room for a move back towards 20.
Vix has been a great tool to pick the recent support and resistance zones in the Equity Indices.
The correlation has been good.
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