with this sell off, employment and the days early next week COULD become more interesting…. emphasis on the COULD not the should….
Will post the June employment preview before the close to assess the possibilities as sell offs the day before employment do not occur that often – just twice since Jan 2014 (Aug 2014 and March 2015).
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INVERTED VIXes:
Hourly 1/VIX poked its head into the green zone (long spy) yesterday, just to faulk with me; today it is back in deep red (short spy) and already trying to bounce. Oversold bounce will be "dead cat" until proven otherwise.
Next panels down:
SPY broke its 5/26 low
XIV did not yet
1/VXN went short qqq on 5/28
1/RVX went short iwm today
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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fehro wrote:SPX... still could get a slam down into the 20w 2088... or gap down tomorrow to it..
see a snuggle up near the 50 , a good jobs report and no Greek save could do your trick tomorrow. opposite and up, but bonds seem to favor your scenario...