Member
Posted 18 April 2017 - 06:55 PM
I think it might be headed back up. VIX went down with the Dow down over half a percent which means put sellers are back. TLT went up 1% today. I would think it would sort of back down a little. 1% up day for treasuries is pretty significant. VIX backing down to around 11 with TLT backing down with low volume would be a tremendous setup for entering positions for another bearish phase in the stock market.
Member
Posted 19 April 2017 - 07:24 AM
VIX contango from May to June is now around 1.5%. I think this should increase while the market does this bounce. VXX's decline should slow in the coming days. When the VIX contango gets to 5% with spot VIX around 11-12, I think things will get interesting.
