VIX’s rising TL has been a solid guide to lower stock prices. This morning it is indicating another, more serious breakdown than the head fake we saw on Monday.
Along with USDJPY’s “breakout” it has been enough for the algos to bid futures up to the top of their falling channel for the 10th time this month.
There are two ways to look at this. One is very bullish, while the other is quite bearish. It’s decision time for stocks.
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