Market is weak today, on the heels of weak consumer sentiment, but the VIX is not rising as fast as you would think in correlation with the price decline. I would like to see the VIX rise to at least 31.50 to confirm this down move.
Keep in mind, that we have S&P 500 support at 870 from earlier this week.
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I am not an economist, financial professional and thus, do not provide advice. Do not take any ideas, commentary generated from this blog as advice to go out and trade. Always seek professional advice before initiaing and/or closing any trade.
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