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regarding the VIX part of we we are commenting on is that
there's a divergence of sorts with the SPX, the SPX is only 70
points from Monday's lows now (a normal daily candlestick range
these days or less), but the VIX is still quite far from its
Is that positive or negative?
Matt or Steve will probably discuss it tonight but I think Matt
was describing a possible divergence which would potentially result
in a positive move for SPX and a negative move for the VIX. Sounds
like he was referring to a daily time frame.
Be careful out there. We are in bear conditions. Moves down are
favored. Moves up are opportunities to short. Until the market's
behavior tells you otherwise.
And so far...the big moves up last a grand total of 1 day !
To clarify my comments - I was simply referencing today's action
on the VIX which was trending up all day - that didn't support the
market bouncing today.
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