Saw a twitter post the the Bollinger Bands are getting very tight. Fed tomorrow is supposed to be a non-event, but maybe not if the hammer is pulled back ready to fire. Obscene level of the VIX is just inviting someone with a big stick to panic the herd and make a bundle. So tight Bollinger with the Fed as a trigger to harvest foolish VIX trades could be a possibility.
move to range low indeed, now let's see any attempt to rebound to range high.
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