There is/was so much going on the last couple of weeks, I am just anti Multi week Top or not seeing some type of crazy drop again. I also think Pension funds are having to do some big re-balancing for the end of this quarter, and the Russell re-balance occurs next Friday. The Futures Roll over last week into Monday was out of control and this afternoon I saw the non-commercials added 75K more es mini's net short to put their total at 303K. I was taught there are only two things that make stocks go down, 1/ a liquidity crisis, and the Fed has already fixed that, and 2/ Loss of confidence and this is why we will probably continue to see a decent amount of price volatility, but it will probably end fairly soon if the VIX options volume continues it's two day trend, or they release vaccine news over some weekend for the ultimate bear trap. Have a good weekend.
VIX breaking out of it's bull flagspx move down into july
20 replies to this topic