VXX

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I have been really patient and I have been waiting VXX goes spike up. While the market is showing strength, I think a short time correction might be coming given how high VIX continues to be. Remember 16 VIX means 1% of movement, so VIX at 48 is around the time I will go short, which I short for mean revert, especially the virus now is in more control than a month before.

Shorting VIX doesnt mean the market may go down but to revert to normal. It is very hard to put direction trade at this time now.

Stay safe.

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