I was watching the VIX the other day and noticed it started creeping up.
Then this morning, I woke up in the middle of the night, checked S&P futures and saw they were “green” at like 3am.
I was like, *nice... perfect setup for a red day.*
Quietly went back to sleep and woke up to watch it slowly decline into a red open.
Exactly where I thought it would go. 🤷♂️
FYI I don't(NEVER) trade options because i already have a gambling addiction. So I buy shares and typically hold long term.
I've been part of the regarded cash-gang group for a while now, so I've been comfortable sitting on the sidelines. But I've definitely had my FOMO/JOMO moments since I cashed out in March.
Last play was RYCEY (2021-2026-long term diamond hand win) where i made almost $2 million. \[[link to my post](https://www.reddit.com/r/wallstreetbets/s/8Wx2R8ZVi9)\] - yes I'm the RYCEY guy
My plan all along was to start getting back in around midterms. from like mid-September through mid-October just looking at the facts because historically, midterm election years have had some pretty nasty pullbacks.
The stat I've seen thrown around is an average peak-to-trough drawdown of roughly 17–18% during midterm years for the last 30 years or so. You can Google it yourself if you don't believe me. 😂
But now I'm starting to wonder if the VIX is telling us we're already heading in that direction. So I'm planning to get my cash back to work, vacation is over.
Not trying to call the exact bottom cuz i lost my magic 8 ball. Just watching the VIX and waiting for the market to give me better entries.
Watch out you fucking bears cuz cash gang is running out of patience.
**TLDR:** I'm signaling the bottom is nearing. Time to gobble-gobble some shares hopefully in time for Thanksgiving. BULL RUN shall continue before we know it? maybe? I say short term puts (still fuck you bears) but definitely calls by 3rd week of Oct. **🐂**