10am update - a long weekend ahead

Good morning. Mr Market seems exhausted. We've had a very strong 86pt gain on the sp'500 over the last 14 trading days, and with the VIX in the low 13s...you'd have to believe a retracement is coming sooner, rather than later.

The natural levels would be...

sp'60min4

vix''60min

Summary

I'm not expecting anything significant today, but its a reasonable day to re-position.

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I'm looking to pick up a VIX call block sometime today.

Having exited VIX @ 22.25, going back in at this level seems pretty 'fair' on any basis.

Seeking a spike into the low 16s at least.
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