Kudos to MMs

Careful for the big bounce near 2:00 PM CST. I would alert not at 1100, but at 1102. If we go well into the 2:00 hour with no bounce, odds are we fall further and maybe even a tad below 1100 SPX by EOD.
 
VIX is now no longer undervalued. I would say it is overvalued by about $2 to $3. This feels like the way VIX moved last year, by 15% increments.

Of course, this is the way crashes begin. Look at a chart of 1987 and you see three huge bars down into Black Monday. Odds almost zero delta of that with IRs at zero, imo.
 
with VIX shooting up like that, if one does not hold longs over weekend he is crazy (90 delta)

Rennick Out :cool:

p.s. Nitro, good to see your calls bearing fruits
 
...1072 would be same percentage for this pullback


Quote from elovemer:
from 869 spx
last three pullbacks have made the same percentage retrace
so far.... this 4th pullback is no exception
More...
 
Quote from nitro:

Some support SPX 1092 ES. Then good support 1082 ish.
More...
Expecting 1082 ESH0 to hold overnight, with likely small rise from here into the open tomorrow morning. When the market opens, that may be another matter.
 
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