Around 1045 ET, the VIX started to turn green (closed below its MIDAS Average). This didn't happen yesterday, which was a strong bear trend.
We got a bullish up move with a 50% correction. Many times the market in this situation will retest the morning low. However, this time the $TICK turned bullish again following the 50% correction. This is not the time to short. With the VIX flirting with its Midas Avg and the $TICK turning bullish, the market turned up giving us a three-wave bullish move. The low pivot at the 50% correction is a good stop if you go long when the bars turned green (indicating an uptrending $TICK).
Charles
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