2 full weeks until Expiration / Roll / Settlement
The Price patterns have been clear for months.
VIX is within a Larger Daily Sell.
12.30 remains the Lower Daily Price Objective.
Fridays are difficult for the VIX as BR/VF become
sellers against protect being placed to Hedge Equity
Positions.
Distribution has been ongoing for weeks. There is a great
deal to SELL remaining.
That said, the Indices "feel" weak. The appetite for Risk
seems to be waning...
Anything can happen here. watch the VIX closely as the lows
let go and it's going to provide a Bid for the ES / RTY / YM.
Nq seems to be doing it's own thing - Use the VXN for INV.
The Price patterns have been clear for months.
VIX is within a Larger Daily Sell.
12.30 remains the Lower Daily Price Objective.
Fridays are difficult for the VIX as BR/VF become
sellers against protect being placed to Hedge Equity
Positions.
Distribution has been ongoing for weeks. There is a great
deal to SELL remaining.
That said, the Indices "feel" weak. The appetite for Risk
seems to be waning...
Anything can happen here. watch the VIX closely as the lows
let go and it's going to provide a Bid for the ES / RTY / YM.
Nq seems to be doing it's own thing - Use the VXN for INV.