Double top forming. vix is getting close to a support level so it might turn around. when vix turns around, spy turns around. lets see what happens when it hits the 454. I say puts.
I say 456 level then puts. Unreal how spy, almost hitting correction levels it goes up to ATH in just a few days and with out a single red day with out a single healthy pullback.
CJS04
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VIX is more of a fear indicator, not a inverse of SPY.