Where is Resistance in the NASDAQ? In VXN
This is the VXN at the 4 hour view. This is the volatility index for the NASDAQ. Recently, I discovered that the VIX and VXN are in an angle since February.
Knowing where their volatility indices will bounce would help with exiting longs. Remember, VIX and VXN are not purely inverse indices. They also go up when retail traders are buying calls/longs at a lightning fast rate. The volatility indices may recognize that as a buying climax or a blowoff top.
If you know when the VIX/VXN would bounce, you would know when to exit longs. That is a huge advantage over "holding and hoping."
Knowing where their volatility indices will bounce would help with exiting longs. Remember, VIX and VXN are not purely inverse indices. They also go up when retail traders are buying calls/longs at a lightning fast rate. The volatility indices may recognize that as a buying climax or a blowoff top.
If you know when the VIX/VXN would bounce, you would know when to exit longs. That is a huge advantage over "holding and hoping."
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