Fun While it Lasted

It was fun while it lasted.  After 23 straight sessions of VIX being suppressed below its long-term channel bottom, we finally got a taste of real volatility.  This morning, VIX is off over 15% and screaming back toward its recent lows in the absence of any further provocation from our Tweeter in Chief.Has the risk of all-out nuclear war disappeared?  Only time will tell.  But, for now, the algos are happy — as they have been with each tag of the falling white channel top.  SPX’s rising red channel — dented but not broken — remains intact.

continued for members…


lock

Sorry, this content is for members only.

Click here to get access.

 

Already a member? Login below

Email
Password
 
Remember me (for 2 weeks)

Forgot Password