With the break to sp'1795, the bulls look set to battle to the 1810/15 zone within the next few days..which will likely equate to VIX 15/14.50. From there, we should roll over again - at least that is what the bigger daily/weekly charts would support.
*you can see VIX is on the slide..and the low 15s look an easy target
Well, anyone on the short side had plenty of opportunity to exit yesterday, if not also the Monday open.
Now..its just a matter of waiting for this bounce to complete.
VIX update from Mr T.
time for tea :)
*just turn on CNBC for a few minutes (if you can stomach it) some of the bullish talk is hilarious. I only imagine how hyper confident they will be on another up day to 1810/15.