The VIX is back to the high of 41. It did retested to the same high. It did opened much higher.
The VIX is at the upper channel of bollinger band. There is a huge gap to fill from this morning.
If it closes down and to breakeven mark, the market could bounce back up from here. Lots of panic selling right from the start of trading hour.
Watch TZA restest around 7.40 to 7.50 area.
V and MA dropped too much in recent week. It is holding well today compare to today action.
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I'm swamped at work. :(
ReplyDeleteNo time to play.
ejaho