This Alert was posted to Blue Line Trading subscribers on the website mid-session Friday. In our Weekend Update posted and emailed Saturday, we suggested a new out-of-the money put for what is coming next.
----------
Following up on yesterday's Special Alert, VIX Weekly has broken out of its multi-year declining trend line, a prerequisite to market crash. The next few trading sessions carry significant risk to the downside for a variety of reasons, both technical and geopolitical. Note: Japan's stock market fell 5.81% overnight, the equivalent of the DJIA dropping 2300 points.
Below, I've updated the charts from yesterday as of about an hour into Friday's trading session. Hang on and hold those puts tight.
VIX Weekly
SPX
NDX
QQQ 120 Minute
QQQ Sep 20th $450P
