VXN at the 4 hour. I realized what I did wrong. It's been so long since I updated the VXN that I forgot to add in another channel line below.
Whoops. Well, this means that either a volatility jump (more like a bunny hop) will either be within the next two days... That's if the VXN can reclaim that first support. If the first support is not reclaimed, then the next volatility jump may be delayed until next week.
Not going to lie. I would be pretty bummed out if volatility is delayed that long. However, high liquidity and available cash makes volatility difficult to maintain. Seriously, do not expect volatility hops to last more than 2 days in these conditions. The NQ and ES are primed for a correction, but these liquidity levels are holding it up.
Whoops. Well, this means that either a volatility jump (more like a bunny hop) will either be within the next two days... That's if the VXN can reclaim that first support. If the first support is not reclaimed, then the next volatility jump may be delayed until next week.
Not going to lie. I would be pretty bummed out if volatility is delayed that long. However, high liquidity and available cash makes volatility difficult to maintain. Seriously, do not expect volatility hops to last more than 2 days in these conditions. The NQ and ES are primed for a correction, but these liquidity levels are holding it up.