Three hours later and once again bouncing between the bottom of the value range 2625 (1 standard deviation) and the Point of Control 2638 and VWAP 2640. So really nothing has happened today except building a consensus on where fair value is, which is centered around 2640 ish. The more days the market spends centered on that price range the more energy is built up for an eventual move.
fehro wrote:be very careful.. looking for a possible shocking up move near end of day.. target sloppy pattern SPY 275 .. need serious break up 5m
That's almost reversing whole move from yesterday! i.e. point wise..
dead cat bounce.. we did move $30 points down .. so whats a $10 point up move between friends? then be ready for a possible generational short.. something no one in this generation has seen
rebound as expected. 100% mm possible, target day high.
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OPINION:
anyway ……… going forward….. The VIX IS NOT TO BE TRUSTED until this thing is “over” (circa Jan 20 ??)
Spikes are no longer folks buying puts to protect their long portfolios
Drops are not necessarily call bets
All moves in VIX are now all about short-covering in the “short vol” community
Cover-your-arse anyway u can, in any vehicle you can find
Algos gone berserk. XIV opens then circuit-breaker halts twice/thrice
The quants won’t be fired until after Jan 20 The VIX IS NOT TO BE TRUSTED
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:OPINION:
anyway ……… going forward….. The VIX IS NOT TO BE TRUSTED until this thing is “over” (circa Jan 20 ??)
Spikes are no longer folks buying puts to protect their long portfolios
Drops are not necessarily call bets
All moves in VIX are now all about short-covering in the “short vol” community
Cover-your-arse anyway u can, in any vehicle you can find
Algos gone berserk. XIV opens then circuit-breaker halts twice/thrice
The quants won’t be fired until after Jan 20 The VIX IS NOT TO BE TRUSTED
Well said
I think they will just eliminate this monster called VIX...will save some $ to some naive investors...
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