The Same, but Different

Yesterday started out with a VIX-driven pop that quickly fizzled and nailed our downside target before rebounding and hitting our upside target.  Since SPX closed right at resistance, it needed a boost overnight.  So, why not go back to the same clever trick that worked the day before?

Yes, VIX’s red channel has broken down again.  And, the algos are eating it up… to the tune of +5 on ES.

Will it pop and drop, again, or will this one take?

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