More Downside In the Future - How about Now?A very standard .786 retrace for VIX when it comes to a bear market. To me, I'd love to see VIX falls to level around 16 or 17ish to open shorts. However, it's worth watching at this level and speculators should be aware of another round of sell-off, which could happen at any moment.
In the short term, I do believe there is still room for NQ to go up, but for at most 2 weeks, another round of sell-off should arrive.