If you blinked, you missed yesterday’s 25-pt correction and 33-pt recovery during Powell’s testimony.
It was made possible by an equally speedy 8% spike and reversal in VIX. The selloff continued overnight and VIX is now testing an important channel line for the second time.
SPX/ES have very little room to go on the upside before bears run for the hills. Should be an interesting next few days.
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