https://cdn.discordapp.com/attachments/506230970307969045/709931104072761384/chartd5.png

I scaled in too quick but got a nice chunk back today. Learning patience … lesson learned

At the latest, because it can also turn upwards before it reaches 2720 (it is going to be interesting to see if 2850 or 2820, which are minor support lines will create any decent reaction).
On the other hand, bare in mind that I have not excluded a move below 2720 IF we have a second wave of infections and closures. In that case I would actually go all in, targeting a lower low, 2300 at the very least, maybe even 2100 and then 1800, because a second closure would hit much, much harder than the first one. No dreams is much better than crashed hopes.
Without this second wave of death though, yes, I see 2720 as the lowest limit.

That means that after 2720 we find out who was right :)

You are funny. This move is perfectly in-line with the medium and long term bullish scenario.
Here is the comment I posted around 2pm today when S&P was 2916.
If you are short, good for you, so am I until 2720, or until we come back above 2880 (if this move down is capped at 2850). Just putting my money where my mouth is.

30+ up on TVIX today…good deal. Someone was asking about this trade yesterday…if it goes up as fast as it goes down. Answer – yup.

All the best.

Cheers!

Good for your AJ for scaling in. Today was tasty feeding at the TVIX trough. Up 2% on account. And that was after covering early rather than riding it out. Will see what tomorrow brings…before reentry.