Volatility started off strong this morning, but throughout the morning, it has been crushed falling from a high of 15.86 to as low as 14.69.
All of this says is interesting for fodder, but what is more important is where it leaves us and that is in a tight range on VIX with a triangle that is pushing the action even tighter.
So until something is broken to the upside or downside, you can expect a lot of pops and drops.
Here’s my take on the VIX:
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