Don’t Blink

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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