If you liked yesterday’s market action, you’re loving today so far. Like yesterday, the latest overnight ramp job has put ES well above its 200-DMA. Like yesterday, now we get to find out whether it will hold.
It didn’t yesterday. The white acceleration channel broke down at the close, taking ES and SPX back below critical support. 
But, today’s a new day. VIX tanked 9.3% overnight – but right to strong support.
The algos aren’t quite sure where to go from here…
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