HK_L61

VXN - 4 Hour / Elon'd

CBOE:VXN   CBOE NASDAQ 100 Volatility
Could not happen to a better gauge of Fear and complacency - the
trusty VXN... senseless comes to mind as the NQ began the 1:30 PM EST
Jumbalaya in the Fire.

Another persistent AGLO Monday with the usual suspects in Prop.

As the VXX began to implode again, the Bod came into the Indies.

Pressure remains out in Time for today and tomorrow, with the attendant
Distributions.

Simply a crushing blow to Volatility while New HIghs remains elusive.

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A bad sign for the Equity Complex as there is only so much the VX Vigilantes
will absorb.

It will be interesting to see if the Larger Daily Price Objective to which the ALGOs
are attached, relent and reverse.
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