5/19/20

Why Market Confidence Is Growing Does Not Matter.



The VIX has not been this low since March, a declining VIX indicates confidence is growing in the market. If you are a daytrader or swing trader, trying to short this market could face strong bullish pushback. The contrarian in me expects the market to find new lows wich up to my own trading biases would have me bearish. 

I have been trading long enough to know that my opinion on what I think should happen means nothing against the evidence that can be argued over in charts. Trying to identify the "why"  in what causes the market to rise and fall is will always remain a lagging 20/20 hindsight indicator, the number of combinations of cause and effect is truly infinite. 

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