Yesterday was essentially a repeat of the prior session: a plunge early on which quickly morphed into a ramp job that fell apart at the close, only to resume overnight. It wasn’t pretty; but, it was enough to stave off a completed H&S Pattern.
At the moment, futures are playing cat and mouse with the SMA10… …waiting to see whether VIX can hold its very slight bounce off its own SMA10.It’s not fun waiting for the inevitable. But, that doesn’t make it any less inevitable.
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