Here the following line appears the cleanest: 3240/50 => 2640/50 => 2060/70 and Sellers are not particularly favourable. The retail crowd are piling into longs and even some of the large names are flip-flopping. This is a good example of the 'end game' in an economic cycle , volatility expands to historic levels and there is no room for emotion.
Here we are going to start to see VIX lead the way and direct the Global Equity flows in a violent struggle to the downside. I can only recommend that those who managed to catch their slice of the pie on these difficult legs higher start to unwind, while those who are actively looking for more pain - start to position accordingly.
Here we are going to start to see VIX lead the way and direct the Global Equity flows in a violent struggle to the downside. I can only recommend that those who managed to catch their slice of the pie on these difficult legs higher start to unwind, while those who are actively looking for more pain - start to position accordingly.
