There She Blows

I want to keep tabs on this market, there certainly can be head fake moves in a Crazy Ivan this sharp, but when there are, it's a pretty broken market.

So far it looks like those last 3-days were a head fake judging by the speed of the decline and the number of issues declining.

Last week one of the things we noticed was stealth accumulation of protection in VIX Futures which is why I opened the a lot of the short positions like IWM puts which are green double digits right now, but I want to keep an eye on this and where other opportunities are, but in general, head fake moves (the last 3-days) are the opportunity.

 UVXY intraday 1 min

However this is where the position started when the character changed on the 14th, I'm pretty confident this position will do very well.

This is the 1 min actual VIX futures...

And the 60 min which is much stronger, the stealth accumulation of protection I talked about last week is particularly strong during the market's breakout above the range.