THIS IS THE TOPThis is exactly the same as last year. We get to the top in 2-4 hours and DUMP! This is my call.
Thetop
Capitulation 2.0At the bottom, everyone is freaking out and selling... VIX is spiking, TVIX is at $1,000, there's "blood on the streets"... it's a level of selling that is capitulation... people are finally suffering too much to hold on to their shares and they sell them... mass selling happens at that moment.
But so does mass buying. The smart money buys at that level.
Now... VIX and TVIX are finally capitulating in the other direction. These huge sell volumes on the TVIX is an indication that people are no longer "hedging" and jumping back into the market.
Who is no longer hedging?
Who is buying?
Who is selling to the buyers?
My guess is that we are at capitulation again.
Thus we are at the top.
