Anyone tracking this recent leg down technically speaking??
With an options expiration week coming up, this should really be interesting. At some point, a significant bounce on coverings is strongly possible.
I know like clock work last year when we were at these volatility levels (actually the VIX in the low 40ish range, we always seemed to bounce) and when I say bounce, I am talking about a day or day and a half.
This seems to be a good chance for the Dow to retest the low of last year.
With an options expiration week coming up, this should really be interesting. At some point, a significant bounce on coverings is strongly possible.
I know like clock work last year when we were at these volatility levels (actually the VIX in the low 40ish range, we always seemed to bounce) and when I say bounce, I am talking about a day or day and a half.
This seems to be a good chance for the Dow to retest the low of last year.